• China's Xi pledges billions in loans, aid to Arab nations

    4 monthes ago - By Chron

    BEIJING - 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...
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