HAINAN: China will encourage local companies to issue bonds overseas to fund projects to create a modern Silk Road, a plan to boost connectivity across Asia for which it has created a US$40bil fund, according to a framework agreement released by the official Xinhua news agency.
The so-called “One belt, One road” initiative to link Asia to Europe and Africa is the latest step by China to extend its global influence, even as it works to sign up more countries to its Asian Infrastructure Investment Bank.
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