China has pledged US$40 billion for its ‘New Silk Road Fund’ to strengthen transport networks in and between its neighbours| glObserver Global Economics


The governments and people of Southeast Asia must develop a strong sense of ownership and control over infrastructure projects as China increasingly directs its investments towards the region’s infrastructure. A Chinese clerk counts RMB (renminbi) yuan banknotes at a branch of China Construction Bank, 15 February 2015.

Source: globserver.cn

China has pledged US$40 billion for its ‘New Silk Road Fund’ to strengthen transport networks in and between its neighbours. The Silk Road Economic Belt aims to connect China with Europe via Central Asia by land, while the 21st Century Maritime Silk Road will facilitate the development of seaports and maritime connectivity in Southeast Asia and beyond.

See on Scoop.itglObserver Asia

Author: globserver

Director of Eyecom china

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