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Taiwan Disappointed After China Rejects AIIB Application

Taiwan says it is disappointed that political rival China rejected its bid to be a founding member of a new regional development bank. Attention is turning now to whether Taiwan can join the Asian Infrastructure Investment Bank (AIIB) later as a normal member despite the two sides’ precarious relations. The government in Taipei said joining regional organizations was its right. China says the bank to be launched later this year has 57 countries approved as founding members and will have...

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