The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

SUBSCRIBERS

China pledges US$80m for Brics cooperation plans

Published Mon, Sep 4, 2017 · 09:50 PM
Share this article.

Xiamen

CHINA will give US$80 million in funding for Brics cooperation plans, Chinese President Xi Jinping said on Monday, while the bloc of five emerging countries pledged to oppose protectionism.

Mr Xi offered 500 million yuan (S$104 million) for a Brics economic and technology cooperation plan, and another US$4 million for projects at the group's New Development Bank (NDB) during a three-day leaders summit in the south-eastern city of Xiamen.

China's new contributions to Brics pale in comparison to its US$124 billion pledge earlier in May for Mr Xi's own Belt and Road initiative, which aims to expand links between Asia, Africa, Europ…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here