Silk Road Fund to look toward the longer term

Central bank chief: Common growth, mutual benefit to direct spending JIANG XUEQING

The Silk Road Fund will target medium- and long-term projects that have strategic significance to support the "One Belt, One Road" initiative, said People's Bank of China Governor Zhou Xiaochuan.

President Xi Jinping said on Nov 8 that China will contribute $40 billion to set up a Silk Road Fund to provide investment and financing support for infrastructure construction, industrial cooperation and other projects related to connectivity for countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road.