Beijing will not use AIIB to fund Pakistan deal
Money for economic corridor will come from both countries, says China minister
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
CHINA does not plan to use either its new Asian Infrastructure Investment Bank (AIIB) or Silk Road fund to finance the US$46 billion Pakistan-China Economic Corridor, with money to come from both countries instead, a senior diplomat said on Friday.
President Xi Jinping's trip to Pakistan next week is expected to focus on the corridor, a planned network of roads, railways and energy projects linking Pakistan's deepwater Gwadar Port on the Arabian Sea with China's far-western Xinjiang region.
Share with us your feedback on BT's products and services
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
