Groups object to nation’s AIIB bid

FLASH MOB?The government is paying people to warmly welcome a Chinese official arriving for cross-strait talks in Kinmen today, a DPP lawmaker alleged

Taipei Times
Date:  May 23, 2015
By: Sean Lin  /  Staff reporter

Green Party Taiwan and the Economic Democracy Union yesterday voiced

Economic Democracy Union convener Lai Chung-chiang, second left, speaks at a press conference in Taipei yesterday, opposing the nation’s bid to join the Beijing-led Asian Infrastructure Investment Bank.  Photo: Wang Min-wei, Taipei Times

Economic Democracy Union convener Lai Chung-chiang, second left, speaks at a press conference in Taipei yesterday, opposing the nation’s bid to join the Beijing-led Asian Infrastructure Investment Bank. Photo: Wang Min-wei, Taipei Times

objections to Taiwan joining the Beijing-led Asian Infrastructure Investment Bank (AIIB), a topic expected to be covered at a meeting between Mainland Affairs Council Minister Andrew Hsia (夏立言) and China’s Taiwan Affairs Office Minister Zhang Zhijun (張志軍) today in Kinmen County.

Green Party Taiwan co-convener Lee Ken-cheng (李根政) told a press conference in Taipei that the party is against the nation’s bid to become a member of the AIIB if the application process is opaque or subordinates Taiwan’s sovereignty.

Lee said that the Ministry of Finance’s submission of an application in late March to become a founding member of the bank had fueled controversy in Taiwan, with critics saying the authorities had failed to follow proper procedures and had compromised the nation’s sovereignty.

Beijing rejected Taiwan’s application, saying it would only grant Taiwan a seat on the AIIB’s board of founding members if the nation agrees to its “one China” policy.     [FULL  STORY]

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