Taiwan to push for Infrastructure Bank membership

Taiwan aims China-led Infrastructure Bank founder membership, boots relations with China

Updated Jul 28, 2015

Taiwan’s ruling National Party leader Eric Chu said on Friday he would ask Chinese President Xi Jinping once again to become a founder member of the China-led Asian Infrastructure Bank (AIIB) when the two leaders meet next week.

China rejected a request from Taiwan for founding membership of the AIIB last month, but informed Taiwan would welcome to join as an ordinary member, in condition of using an appropriate name.

Chu’s National Party has been trying to heal the frozen political relations and has strong business relations with China’s ruling Communist Party with the next week’s first China visit since defeated Nationalist forces fled to Taiwan at the end of the Chinese civil war in 1949.

Chu said the relations between his party and Chinese Communist Party are very important.

“We should hold a positive attitude when looking at any political party's exchanges with mainland China," said Chu.

“I will explain to everybody on May 4 after I meet [Chinese President Xi Jingping] on whether or not there is a conclusion."

China does not recognise Taiwan as an independent state, but a renegade province.

Most counties in the world, including the United States, do not recognise Taiwan as an independent nation, and the country is not a membership of the United Nations, the World Bank, or the International Monetary Fund, due to pressure from China.

TRTWorld and agencies