China will support overseas bond issues by local firms to fund ‘One be

UNDATED, Mar 28:  China will encourage Chinese companies to issue bonds overseas to fund projects for the ‘One belt, One road’ initiative, a plan to boost connectivity across Asia for which it has created a $40 billion fund, according to a framework agreement released on  Saturday.
The agreement was released by a number of different Chinese authorities simultaneously.
The title refers to Beijing’s plan for creating a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road connecting Asia with Central Asia, Europe and Africa. (AGENCIES)

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