Xi Jinping welcomes Taiwan's bid to join AIIB under appropriate name

Chinese President Xi Jinping welcomed Taiwan's wish to join the China-backed Asian Infrastructure Investment Bank (AIIB) as long as the island uses an appropriate name during his meeting with Taiwan's leader Ma Ying-jeou on Saturday, a mainland Chinese official said at a press conference after the mostly closed-door summit.

It is the second time that Xi has expressed his welcome to Taiwan's effort to participate in the international bank, which is aimed at funding infrastructure and development projects to promote the implementation of China's "One Belt, One Road" initiative, a development strategy and framework that focuses on expanding China's influence throughout Eurasia.

The Chinese president expressed the same attitude over Taiwan's joining of the AIIB when meeting with Eric Chu, chairman of Taiwan's ruling Kuomintang in May.

The key to promoting the peaceful development of the cross-Straits relations is to let the Chinese compatriots living on both sides of the Taiwan Strait live a better life, Zhang Zhijun, director of the Taiwan Affairs Office of the State Council of China, cited Xi as saying at the press conference.

We should do everything to expand the economic cooperation between the Chinese mainland and Taiwan to bring benefits to people living on both sides of the Taiwan Strait, Zhang cited the Chinese president as saying.

Xi expressed the wish to strengthen the cross-Straits communication in an effort to address the divergences between the two sides at the Xi-Ma meeting, said Zhang, who revealed the Chinese president as having said during the meeting that the Chinese mainland understands Taiwan's aspiration of taking part in the international affairs, which can be realized through amicable consultations.

(This article is translated and edited by Ding Yi.)

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