China announces $40B fund for infrastructure in 'Silk Road' economic belt nations - Nikkei
- In an effort to boost its clout with Asia neighbors, the Chinese govt announced during trade talks that it would set aside $40B to help develop infrastructure projects in Bangladesh, Tajikistan, Laos, Mongolia, Myanmar, Cambodia and Pakistan. China called on the nations to reestablish the Silk Road creating a land route for trade between China and Europe.