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Taiwan Rejected as Founding Member of AIIB

Taiwan expressed regret on Monday 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. In a statement carried by the official Xinhua news agency, China's Taiwan Affairs Office said it 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...

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