China supports the "Belt and Road" initiative with $ 79 billion

China supports the "Belt and Road" initiative with $ 79 billion



14-05-2017 05:42 PM

The Euphrates -
BEIJING (Reuters) - Chinese President Xi Jinping said his country would provide huge financial support to projects related to the $ 79 billion International Belt and Road Initiative for International Cooperation.

The principle of winning the belt and road project will facilitate the access of major components of industrial production such as capital, human resources and technology to products, resources and joint ventures. They will provide 14 billion and 495 million dollars to the funds, he said. And the Chinese Overseas Development and Import Bank will provide a $ 55.8 billion loan to support the Forum projects.

He said that his country will provide $ 8.7 billion in aid to developing countries and organizations in the road and road initiative. Beijing has worked with about 60 countries under the initiative, and cooperation in projects stretching from China to Europe will increase in the areas of road, sea, air and railways. Security. Pointing out that his country has signed cooperation protocols with more than 40 countries and organizations, and will conclude trade and economic cooperation agreements with more than 30 countries during the forum. Noting that his country's investments in international projects on the sidelines of the initiative of the belt and road exceeded $ 56 billion, and it has established joint economic zones with 56 countries.

The Chinese president said that his country has set up a fund in the field of education in order to enhance civilizational and civilizational communication among the countries participating in the initiative and that it will allocate 10,000 scholarships to the students of the said countries. His country plans to build 50 joint laboratories in countries participating in the road and road initiative, Rehabilitation and training of 5 thousand men learned.

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