Three Scenarios For China-Taiwan Development Bank Tie-up

Taiwan has filed a letter of intent to join an Asian infrastructure development bank led by China, a risky venture as Beijing claims sovereignty over the proudly self-ruled applicant and the two once bitter rivals have tested economic cooperation only over the past seven years. A lot of Taiwanese still fear China will use economic ties to erode their island’s de facto autonomy. Officials in Beijing say they welcome Taiwan's application to the Asian Infrastructure Development Bank, which i...