Expect the controversy over Taiwan’s application to join the Beijing-led financial body to spill into the 2016 elections
The sudden announcement on the evening of March 30 that Taiwan had applied to join the Asian Infrastructure Investment Bank (AIIB) — Beijing’s answer to the World Bank and the Asian Development Bank — caused some consternation after it was discovered that Taiwanese authorities agreed to join despite Beijing’s precondition that it do so under the “one China” principle. Lack of transparency, the absence of consultations or review within the legislature, as well as uncertainty over which channels were used to submit the application have raised serious questions about what happened. Alarming though this may all be, expect more trouble ahead as the AIIB question will likely become an item of contention in the lead-up to the 2016 elections and a challenge for the Democratic Progressive Party (DPP).
My article, published today on Thinking Taiwan, continues here.