China Thwarts Taiwan’s Bid to Be Founding Member of AIIB | WHAT REALLY HAPPENED


China Thwarts Taiwan’s Bid to Be Founding Member of AIIB

China rejected Taiwan’s bid to become a founding member of the new Chinese-led infrastructure bank for Asia in a difference over the title the island uses, which could portend how Beijing will run the new institution.

In rebuffing Taiwan, Beijing’s Taiwan Affairs Office said in a statement Monday that the island may apply for membership later and that further consultations are likely to yield an “appropriate name” under which Taiwan can join the Asian Infrastructure Investment Bank.

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