Description
Under the leadership of President Xi Jinping, the Chinese Government established the "Silk Road Fund" to "...expand strategic trust through more opening up and connectivity." The fund entails a US$40 billion commitment on the part of China to improve connectivity between China and Central Asia.
The Fund will support both "hard" and "soft" infrastructure. As President Xi announced at the Partner Dialogue: "Connectivity doesn’t just mean building bridges and roads. These are two dimensional links, single line connections. We must also have three dimensional connections, like infrastructure, institutional improvements, and people to people exchanges. We must advance Connectivity side by side, in five different areas: They are the coordination of policies, the connection of facilities unblocking trade, the free flow of capital, and people-to-people communication."
Source
Bin, Han. "China Pledges 40 Bln US Dollars for Silk Road Fund." CCTV. N.p., 11 Aug. 2014. Web. 5 May 2015.