Xi's statements on the Belt and Road Initiative
chinadaily.com.cn |
Updated: 2017-04-15 11:20
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$40b pledge on Silk Road fund
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| President Xi Jinping with the leaders of neighboring countries ahead of a meeting on strengthening connectivity partnerships in Beijing, Nov 8, 2014. [Photo/Xinhua] |
In November 2014, Xi announced that China would contribute $40 billion to set up a Silk Road fund that would boost infrastructure and resource development while improving industrial and financial cooperation along the centuries-old Silk Road trading routes.
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