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Significance of passing AIIB Bill amid China-US race for dominance

As the United States and China jostle for power in the region, Malaysia appears to have taken a neutral stand in its foreign policy, especially in the South China Sea dispute.

However, on Wednesday, the Dewan Rakyat passed the Asian Infrastructure Investment Bank (AIIB) Bill, which is viewed as China's brainchild to counter the Trans Pacific Partnership Agreement (TPPA) that was drawn up by the US.

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