Both will set up financing opportunities of 350 billion yuan (US$47.9 billion) for BRI projects, he said. And China said this month that BRI participants owe more than US$300 billion to the Export-Import Bank of China. On Capitol Hill, Senate leaders suggested Tuesday that such a sweeping aid package would find support among lawmakers. Details of the aid package are now circulating among U.S. officials as Biden is en route to the region. It was not immediately clear if that request was part of Biden’s aid package as of Tuesday.

Source: ABC News October 21, 2023 09:53 UTC