Xi Jinping: China to allocate $10B for global development

China will create a fund for the needs of global development for $10 billion, Chinese President Xi Jinping said at a press conference following the 15th BRICS Summit, Report informs referring to TASS.

“A number of development cooperation measures have been taken. China has provided a large number of development resources. China’s financial institutions will soon set up a special fund worth $10 billion for sustainable development,” he noted.