$1b fund set up for CEEC to expand ties, help build infrastructure
2017-11-28 09:14:27 source：Global Times
November 27, 2017
Chinese Premier Li Keqiang on Monday announced the establishment of a billion-dollar investment fund to be tapped mainly by the 16 Central and Eastern European countries of the CEE, in the Hungarian capital of Budapest.
The fund is the second phase of the Investment Cooperation Fund (ICF) which was established in 2013. Li made the announcement of the $1 billion investment fund in a keynote speech to the seventh China-Central and Eastern European Countries Economic and Trade Forum, the Xinhua News Agency reported.
"The news means that China and CEE countries have fully agreed to use the Investment Cooperation Fund for financing and it will provide the foundation for further cooperation including infrastructure projects," Cui Hongjian, director of the Department for European Studies of China Institute of International Studies, told the Global Times on Monday.
Read more: