Taiwan to apply to join China-backed AIIB investment bank

March 31, 2015 2:44 AM

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Taiwan to apply to join China-backed AIIB investment bank

TAIPEI (Reuters) - Taiwan will submit an application to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) on Tuesday, despite historical animosity and a lack of formal diplomatic relations between the island and China.

In a statement released late on Monday, Taiwan presidential office spokesman Charles Chen said joining the AIIB will help Taiwan in its efforts at regional economic integration and raise the possibility of joining other multinational bodies.

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