BEIJING: China outlined an ambitious plan for the future that will span three continents and see the country pumping in more than 480 billion yuan (RM302bil) in new funds under its Belt and Road initiative.
President Xi Jinping announced that China would allocate an additional 100 billion yuan (RM63bil) for the Silk Road Fund, while its state-owned China Development Bank and Export-Import Bank of China would set up special lending schemes worth 380 billion yuan (RM239bil) in total to support Belt and Road cooperation.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
