pledges

China pledges $20bn in loans for Arab states

China pledges $20bn in loans for Arab states

China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab officials Tuesday, as Beijing seeks to build its influence in the Middle East and Africa. The money will be earmarked for “projects that will produce good employment opportunities and positive social impact in Arab States that […]

China pledges $124 billion for new Silk Road, says open to everyone

China pledges $124 billion for new Silk Road, says open to everyone

Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan, saying everyone was welcome to join what he envisioned would be a path for peace and prosperity for the world. China has touted what it formally calls the Belt and Road initiative as a new way to boost development […]