12/16/2017, 3:48 PM (Source: TeleTrader)
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Cameron takes senior role in UK-China investment body

Former British prime minister David Cameron will take a leadership position in a new UK government-supported £750 million ($1billion) fund which will aim to improve ports, roads and rail networks between China and its trading partners, according to BBC. The fund, set up to back China’s Belt and Road infrastructure initiative, was originally started in 2013, but this year Chinese President Xi Jinping vowed $124 billion for the project.

The agreement on the fund was announced following David Hammond's two-day trip to China where he led economic dialogue with senior Chinese economic official, Vice Premier Ma Kai. In September this year, Cameron said he discussed a UK-China fund with vice-Premier Ma Kai during a trip to the world's most populous country.

Baha Breaking News (BBN) / DN