BEIJING: China will create funds worth US$10 billion intended for the implementation of global development initiatives, Chinese President Xi Jinping said on Thursday, reported Xinhua.
“China has established a Fund for Global Development and South-South Cooperation worth US$4 billion, Chinese financial institutions will soon establish special funds worth US$10 billion intended for the implementation of global development initiatives,” Xi said at the BRICS summit in Johannesburg. – BERNAMA-SPUTNIK
