China refuses Taiwan immediate entry to Asian bank

Taiwan expressed regret yesterday after China rejected its bid to become a founding member of the Beijing-led Asian Infrastructure Investment Bank (AIIB), though China said Taiwan is welcome to join as an ordinary member in the future.

China refuses Taiwan immediate entry to Asian bank

In a statement carried by the Xinhua news agency, China’s Taiwan Affairs Office confirmed what it said was a Hong Kong media report about the rejection of Taiwan. While the office provided no explanation, it repeated that Taiwan would be welcome to join if it used an appropriate name.

“The mainland will consider opinions from all sides to properly address the issue of Taiwan’s membership,” the statement said. “The related departments will consider Taiwan’s membership when making the constitution for the AIIB.”

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