Beijing will likely pledge billions of dollars to Europe’s new infrastructure fund at an upcoming summit on June 29, Reuters reported, citing an unnamed European Union diplomat and a draft statement of the announcement that leaves the exact amount undefined. France, Germany, Italy and Poland have each announced planned contributions of EUR8 billion each (US$8.964 billion) for the European Fund for Strategic Investment, while Luxembourg and Spain have pledged smaller amounts. A large Chinese investment could raise questions about the governance of the fund, which is thus far a strictly European institution.
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