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2014-11-10 — thebricspost.com
Chinese President Xi Jinping on Saturday announced China will contribute $40 billion to set up a Silk Road Fund to strengthen connectivity in the Asia-Pacific region. Xi said the goal of the Fund is to "break the bottleneck in Asian connectivity by building a financing platform."
The new Silk Road Fund will be used to provide investment and finance for infrastructure, industrial projects along the "Belt and Road", Xi said, referring to China's Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives.
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