Shanghai most likely headquarters for BRICS development bank2 min read . Updated: 14 Jul 2014, 06:17 PM IST
Russian presidential adviser said the bank would be based in Shanghai citing discussion papers prepared by the member countries
New Delhi: Shanghai looks set to become the headquarters of a development bank being launched by the Brics emerging market nations, despite fears by some members of the group that China could hijack the bank to serve its interests.
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