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Taiwan applies to join China-led AIIB

Taiwan has applied to join Beijing’s newly created Asian Infrastructure Investment Bank, in a test of how China’s political priorities will influence the new bank’s operations.

China, which views Taiwan as a renegade province, has limited its membership in many regional and international groupings, including the World Health Organisation.

Several European countries have already applied to join the AIIB, in spite of US efforts to persuade them otherwise, since the UK broke ranks with America on the issue earlier in March.

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