Regional bloc urges better financing channels

China and the other members of an intergovernmental cooperation group in Northeast Asia said on Wednesday that interconnectivity and extending financing channels are its top priority.

The Greater Tumen Initiative members also agreed to make more efforts to promote cooperation on projects in these fields.

The Initiative, established in 1992 and originally known as the Tumen River Area Development Program, is supported by the United Nations Development Program and has four member countries - China, Mongolia, the Republic of Korea, and Russia.