The Belt and Road Initiative, China's ambitious trans-Eurasia and across-ocean trade strategy, is taking shape as the country tries to build a large pool of capital to boost the drive.
China Development Bank, one of the country's policy banks, said in May that it will invest more than $890 billion into more than 900 projects involving 60 countries , as part of its efforts to bolster the initiative.
The bank's Vice-president Li Jiping said that over $10 billion has been poured into projects covering coal and gas, mining, electricity, telecommunications, infrastructure and agriculture, etc.
Moreover, the plan will be financially supported through seven platforms. The Asian Infrastructure Investment Bank, the New Development Bank of BRICS and the Development Bank of the Shanghai Cooperation Organization, all proposed by China, will become the most important lenders in the initiative.
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