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Premier Li offers investment in EU’s new infrastructure fund

Premier Li Keqiang has promised to invest in the European Union’s new 315-billion euro infrastructure fund. Li made the pledge to back European Commission President Jean-Claude Juncker’s plan to revive the European economy, as he addressed the opening ceremony of the 10th EU-China business summit on June 29.

Li drew a connection with the Silk Road Fund proposed by China, which he said was tasked to improve infrastructure connectivity between Asia and Europe, and would provide support for China-Europe cooperation in hi-tech development, infrastructure construction and financial services.

Li also said China will buy more bonds issued by the European Investment Bank. The Premier also called on both sides to properly deal with their frictions in trade, and work together to increase trade volume to $1 trillion by 2020.