China to Establish $40 Billion Silk Road Infrastructure Fund

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by trusted insight posted 7years ago 489 views
Chinese President Xi Jinping said on Saturday China will establish a $40 billion infrastructure fund to build a new Silk Road. Xi made the comments at a dialogue meeting on strengthening connectivity and improving cooperation in the country's neighborhood. Attending the meeting were the leaders of Bangladesh, Cambodia, Laos, Mongolia, Myanmar, Pakistan and Tajikistan, and representatives of the United Nations Economic and Social Commission for Asia and the Pacific and the Shanghai Cooperation Organization.