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u.s. diplomacy has approved a disaster wrote the economist. the u.s. committed a comic series of missteps said the financial times. what were they all talking about? china has convinced several key american allies to defy uncle sam and join its new lending body, asian bank. the new lender described as a potential rival to the world bank and imf and will fund transportation energy and other projects throughout arab. u.s. pressed its allies not to join concerned about the new bank's lending standards and transparency and also out of worry over china's growing influence in the world. but many american allies want to join or have joined anyway. there's south korea and australia, germany, france and italy, even great britain, despite its special relationship with the united states. a recent tally over 50 countries have become members or applying for membership to the bank. even the chinese themselves were