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China plans to spend 40 billion dollars on the "new Silk Road"
China expects to invest $ 40 billion in the "New Silk Road" project, President of the People's Republic of China Xi Jinping said at a meeting with the leaders of Bangladesh, Cambodia, Laos, Mongolia, Myanmar, Pakistan and Tajikistan, Reuters reports.
The main goal of the project is the development of transport links in Asia. Xi Jinping expressed the hope that the fund will attract investors from Asia and beyond. The fact that China plans to create this fund, it became known 4 November. It was reported that China will invest $ 16,3 billion in it, the fund will be used to build and develop roads, railways and pipelines in Chinese provinces.
5-11 November 2014 in Beijing is the APEC summit. It was planned that within the framework of the Xi Jinping summit for the first time in several years, he will meet with Japanese Prime Minister Shinzo Abe.