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Taiwan to apply to join China-backed AIIB investment bank

Tuesday, March 31, 2015 - 11:20
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Taiwan will submit an application to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) on Tuesday, a spokesman for the office of the island's president said.

[TAIPEI] Taiwan will submit an application to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) on Tuesday, a spokesman for the office of the island's president said.

The announcement makes Taiwan the latest country to express its intention to join AIIB, despite historical animosity and the lack of formal diplomatic relations between Taiwan and China.

It was not immediately known whether Beijing would accept Taiwan's application.

REUTERS