Red Cross raises money to fund humanitarian projects

The Red Cross Society of China has launched the Belt and Road Fraternity Fund to boost humanitarian activities and cooperation between countries involved in the Belt and Road Initiative.

Wang Ping, vice-president of the society, said on Monday that the fund has raised 70 million yuan ($10.1 million), most of which was donated by Chinese corporations.

"That would help fund Red Cross humanitarian projects in Belt and Road countries and meanwhile set up a special channel for Chinese enterprises to performance humanitarian duties," he said.