China embassy in Canada blasts claims AIIB run by Communist Party

Ex-communications chief says Beijing-based bank infiltrated by government officials

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The Asian Infrastructure Investment Bank started operations in 2016 and is seen as an alternative to Western-backed multilateral lenders like the World Bank. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- China's embassy in Canada has blasted stinging criticism of the Asian Infrastructure Investment Bank (AIIB) by a former employee as "pure sensational hype and outright lies."

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