News Snapshot:
BEIJING - China will undertake 11 new foreign development projects – including for infrastructure, such as power plants, a community hospital and public transport – co-funded by receiving countries under the Global Development Initiative (GDI), top diplomat Wang Yi announced on Monday. The projects will be funded with China’s foreign aid agency, and involves resources from the private sector, social and international organisations, he said, as Beijing continues efforts to court developing countries and pitches itself as a champion for global development. “No matter how the international situation may evolve, China will stay true to its status as a developing...
