Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it investigates allegations that it is dominated by the Chinese Communist Party. Finance Minister Chrystia Freeland said that she did not rule out any outcome of the investigation, including the possibility of Canada pulling out of the bank. The move marks a new dip in bilateral relations with China, which have been frosty for the last five years, and comes as the Royal Canadian Mounted Police investigates allegations that China tried to intimidate a federal Conservative legislator.

The post Canada Freezes Ties with China-Led AIIB, Probes Allegations of Communist Domination appeared first on Balanced News Summary.