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News code: 26003
Published Date: Tuesday 10 July 2018 - 10:10:17
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China’s Xi pledges billions in loans, aid to Arab nations

China’s Xi pledges billions in loans, aid to Arab nations
World  - China’s President Xi Jinping has pledged more than $23 billion in lines of credit, loans and humanitarian assistance to Arab countries in a major push for influence in the region.

Xi told participants in a conference of Arab leaders in Beijing on Tuesday that Syria, Yemen, Jordan and Lebanon would receive $91 million in humanitarian assistance.

Xi said another $151 million was earmarked for aid projects, with the remaining $23 billion designated for financial and economic cooperation. No details were given about how or when the money would be dispersed.

China has expanded its influence among Arab states for economic purposes. Most notably it has provided diplomatic support for Syrian President Bashar Assad in the country's seven-year civil war.

News Code: 26003
Published Date: Tuesday 10 July 2018 - 10:10:17
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