China Seeking Asia Bank Seat

Special to the New York Times

Jan. 10, 1983

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China has told the United States that it wants to displace Taiwan in the Asian Development Bank, a move that could add new strains to the Washington-Taipei relationship and create funding problems for the 45-nation institution in Congress.

Treasury and State Department sources said that the Chinese demand was being studied.

The Manila-based institution, which made loan commitments of $1.7 billion in 1982, is one of three regional development banks. Together with the bigger International Bank for Reconstruction and Development, or World Bank, it helps finance agricultural, port development, hydroelectric and other projects in Asia, Africa and Latin America.

China displaced Taiwan from membership in both the World Bank and the International Monetary Fund in 1980 and, according to American specialists, sees its membership in the Asian Development Bank as the logical extension of its increasing participation in the world economy.

A version of this article appears in print on , Section D, Page 3 of the National edition with the headline: China Seeking Asia Bank Seat. Order Reprints | Today’s Paper | Subscribe

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