Oct 18, 2023 06:48 AM

FINANCE

Chinese Belt and Road Loans Total $687 Billion Over a Decade

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What’s new: Chinese financial institutions extended more than 5 trillion yuan ($687 billion) in loans to support projects under the Belt and Road Initiative over the past decade, China’s top financial regulator said Tuesday.

China is hosting the Third Belt and Road Forum for International Cooperation in Beijing. The event kicked off Tuesday and marks the 10th anniversary of China’s global infrastructure development initiative.

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