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European dev't bank signs 'silk road' MoU with China

CCTV.com

06-16-2016 01:08 BJT

The European Bank for Reconstruction and Development has signed a Memo of Understanding with China on joint 'silk road' investments, which are infrastructure and other projects along the trade route to Europe.

The EBRD has taken stakes in development projects in Kazakhstan, Mongolia, Turkey as well as Eastern Europe. The bank still sees 400 billion US dollars of funding gap for the trade route.

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