By: Jeffrey Wu
Taipei, April 13 (CNA) Major Taiwanese computer maker Acer Inc. (宏碁) founder Stan Shih (施振榮) said Monday that Taiwan should think positively about a new regional development bank proposed by China, despite having had its bid to become a founding member rejected.
“Taiwan does not need to think badly of itself,” Shih told a press briefing on an innovation incubator project organized by the National Culture and Arts Foundation, of which he serves as chairman.
Taiwan should be “realistic” about its failure to become a founding member of the China-led Asian Infrastructure Investment Bank (AIIB) due to concerns over the title it would use to join, given that the other founding members are accepted as sovereign nations rather than as economies, Shih pointed out. China does not recognize Taiwanese sovereignty. [FULL STORY]