ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
 (placeholder image)
Chinese President Xi Jinping   © Kyodo

China bolsters financing for Belt and Road projects

Another $14bn going into Silk Road fund

ISSAKU HARADA, Nikkei staff writer | China

BEIJING -- Chinese President Xi Jinping on Sunday pledged an additional 100 billion yuan ($14.5 billion) for a fund that is spearheading infrastructure development along the new Silk Road envisioned by the government.

A two-day international forum on the Belt and Road Initiative kicked off here on Sunday. In his keynote speech, Xi acknowledged that financing for the ambitious project presented a challenge. The Silk Road fund, established in 2014, currently totals $40 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more