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China has no problem with Taiwan joining AIIB: Chinese official

Boao, China, March 29 (CNA) China's top negotiator with Taiwan said Sunday that the mainland does not feel there should be a problem with Taiwan's application for membership in the Beijing-backed Asian Infrastructure Investment Bank (AIIB). Asked whether Taiwan will face any obstacles in joining the AIIB, Chen Deming (???), the president of China's Association for Relations Across the Taiwan Straits, said at the 2015 Boao Forum for Asia in Hainan Province that negotiations will be primarily conducted by China's Ministry of Finance. But Chen said that generally speaking, Zhang Zhijun (???), director of China's Taiwan Affairs Office, Chinese Foreign Minister Wang Yi (??) and he did not think Taiwan would have trouble joining the AIIB. In Taiwan, Finance Minister Chang Sheng-ford (???) and Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (???) told lawmakers earlier this month that they both felt participating in the AIIB might benefit Taiwan's economic and financial development. Perng Fai-nan (???), the governor of Taiwan's central bank, also backed the idea of seeking membership in the AIIB. China proposed establishing the AIIB to finance major infrastructure projects across Asia. It is expected to be set up by the end of this year. The AIIB is regarded by some as a potential rival to the International Monetary Fund, the World Bank and the Asian Development Bank (ADB), all of which are institutions dominated by developed countries such as the United States. Taiwan, known officially as the Republic of China, often has trouble joining international organizations because of opposition from Beijing, which sees sovereign Taiwan as a renegade province.
(By Eva Feng and Evelyn Kao)

Updated : 2021-09-23 08:50 GMT+08:00