24 August 2023 1 Min Read
China to launch $10bn fund for Global Development Initiative – Xi
President of the People's Republic of China, Xi Jinping, at the Brics media briefing in Sandton.
Image: Thapelo Morebudi
Image: Thapelo Morebudi
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China's financial institutions will soon launch a special fund of $10bn (R186bn) to implement the Global Development Initiative, President Xi Jinping said on Thursday.
China will also increase cooperation with African countries, including providing a complete set of data products for satellite mapping, Xi said at a Brics leaders summit in Johannesburg.
Reuters
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