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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 sourcePublished Fri, Apr 17, 2015 · 09:50 PM
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.
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