China Says ‘no’ to Taiwan on AIIB

The Beijing-led Asia Infrastructure Investment Bank (AIIB) may be more China-focused than initially thought, analysts say, after Taiwan’s bid to become a founding member was denied.

On Monday, China’s State Council Taiwan Affairs Office confirmed media reports that Taiwan’s bid to become a founding member of the new development bank was rejected, but membership would be welcome in the future “under an appropriate name.”

Nomenclature is a long-standing issue in cross-straits relations, so the news was not entirely unexpected, analysts told CNBC.

CNBC

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