Taiwan failed to join the UN, which follows “One-China policy,” according to the UN. China is satisfied with the decision. From Bloomberg:
The United Nations rejected Taiwan’s application to join, citing adherence to the “one China” principle and the world body’s recognition of the People’s Republic of China.
The UN’s Office of Legal Affairs turned down the island’s bid for membership under the name “Taiwan,” according to a statement posted on the UN’s Chinese-language Web site….[Full Text]
– Read also China Daily’s coverage “UN rejects Taiwan’s membership bid”