国内英语资讯:China to set up 50 bln yuan funds to support BR projects in ASEAN, Guangxi
<p><span word="BEIJING">BEIJING</span>, <span word="Dec">Dec</span>. 17-- <span word="China">China</span> <span word="will">will</span> <span word="set">set</span> <span word="up">up</span> <span word="funds">funds</span> <span word="totaling">totaling</span> 50 <span word="billion">billion</span> <span word="yuan">yuan</span> (7.6 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="to">to</span> <span word="invest">invest</span> <span word="in">in</span> <span word="Belt">Belt</span> <span word="and">and</span> <span word="Road">Road</span> (<span word="B">B</span>&<span word="R">R</span>) <span word="projects">projects</span> <span word="in">in</span> <span word="southern">southern</span> <span word="China">China</span>'<span word="s">s</span> <span word="Guangxi">Guangxi</span> <span word="Zhuang">Zhuang</span> <span word="Autonomous">Autonomous</span> <span word="Region">Region</span> <span word="and">and</span> <span word="ASEAN">ASEAN</span> <span word="countries">countries</span>.</p><p><span word="The">The</span> <span word="funds">funds</span> <span word="will">will</span> <span word="be">be</span> <span word="established">established</span> <span word="jointly">jointly</span> <span word="by">by</span> <span word="an">an</span> <span word="investment">investment</span> <span word="arm">arm</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="policy">policy</span> <span word="bank">bank</span> <span word="China">China</span> <span word="Development">Development</span> <span word="Bank">Bank</span> (<span word="CDB">CDB</span>) <span word="and">and</span> <span word="Guangxi">Guangxi</span> <span word="Investment">Investment</span> <span word="Group">Group</span>. <span word="They">They</span> <span word="will">will</span> <span word="be">be</span> <span word="used">used</span> <span word="to">to</span> <span word="support">support</span> <span word="infrastructure">infrastructure</span> <span word="and">and</span> <span word="industrial">industrial</span> <span word="projects">projects</span> <span word="along">along</span> <span word="the">the</span> <span word="B">B</span>&<span word="R">R</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="CDB">CDB</span>.</p><p><span word="Guangxi">Guangxi</span> <span word="is">is</span> <span word="an">an</span> <span word="important">important</span> <span word="border">border</span> <span word="area">area</span> <span word="that">that</span> <span word="connects">connects</span> <span word="China">China</span> <span word="with">with</span> <span word="ASEAN">ASEAN</span> <span word="countries">countries</span> <span word="and">and</span> <span word="plays">plays</span> <span word="a">a</span> <span word="key">key</span> <span word="role">role</span> <span word="in">in</span> <span word="the">the</span> <span word="construction">construction</span> <span word="of">of</span> <span word="the">the</span> <span word="B">B</span>&<span word="R">R</span> <span word="Initiative">Initiative</span>.</p><p><span word="Proposed">Proposed</span> <span word="by">by</span> <span word="China">China</span> <span word="in">in</span> 2013, <span word="the">the</span> <span word="B">B</span>&<span word="R">R</span> <span word="Initiative">Initiative</span> <span word="aims">aims</span> <span word="to">to</span> <span word="build">build</span> <span word="trade">trade</span> <span word="and">and</span> <span word="infrastructure">infrastructure</span> <span word="networks">networks</span> <span word="connecting">connecting</span> <span word="Asia">Asia</span> <span word="with">with</span> <span word="Europe">Europe</span> <span word="and">and</span> <span word="Africa">Africa</span> <span word="based">based</span> <span word="on">on</span> <span word="ancient">ancient</span> <span word="land">land</span> <span word="and">and</span> <span word="maritime">maritime</span> <span word="trade">trade</span> <span word="routes">routes</span>.</p><p><span word="Hong">Hong</span> <span word="Qi">Qi</span>, <span word="chairperson">chairperson</span> <span word="of">of</span> <span word="China">China</span> <span word="Minsheng">Minsheng</span> <span word="Bank">Bank</span>, <span word="estimates">estimates</span> <span word="that">that</span> <span word="infrastructure">infrastructure</span> <span word="financing">financing</span> <span word="demand">demand</span> <span word="along">along</span> <span word="the">the</span> <span word="B">B</span>&<span word="R">R</span> <span word="will">will</span> <span word="amount">amount</span> <span word="to">to</span> 10 <span word="trillion">trillion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="in">in</span> <span word="the">the</span> <span word="next">next</span> <span word="five">five</span> <span word="years">years</span>.</p><p><span word="Seeing">Seeing</span> <span word="opportunities">opportunities</span> <span word="from">from</span> <span word="the">the</span> <span word="booming">booming</span> <span word="demand">demand</span>, <span word="China">China</span>'<span word="s">s</span> <span word="commercial">commercial</span> <span word="and">and</span> <span word="policy">policy</span> <span word="banks">banks</span> <span word="have">have</span> <span word="been">been</span> <span word="stepping">stepping</span> <span word="up">up</span> <span word="B">B</span>&<span word="R">R</span> <span word="related">related</span> <span word="investments">investments</span>.</p><p><span word="Besides">Besides</span> <span word="setting">setting</span> <span word="up">up</span> <span word="funds">funds</span>, <span word="the">the</span> <span word="CDB">CDB</span> <span word="also">also</span> <span word="pledged">pledged</span> <span word="more">more</span> <span word="financing">financing</span> <span word="support">support</span> <span word="to">to</span> <span word="Guangxi">Guangxi</span> <span word="through">through</span> <span word="tools">tools</span> <span word="including">including</span> <span word="loans">loans</span> <span word="and">and</span> <span word="securities">securities</span>. <span word="The">The</span> <span word="Export">Export</span>-<span word="Import">Import</span> <span word="Bank">Bank</span> <span word="of">of</span> <span word="China">China</span> <span word="recently">recently</span> <span word="established">established</span> <span word="a">a</span> <span word="branch">branch</span> <span word="in">in</span> <span word="Guangxi">Guangxi</span> <span word="to">to</span> <span word="help">help</span> <span word="with">with</span> <span word="local">local</span> <span word="industrial">industrial</span> <span word="upgrades">upgrades</span> <span word="and">and</span> <span word="B">B</span>&<span word="R">R</span> <span word="related">related</span> <span word="projects">projects</span>.</p>
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