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China’s Xi pledges $20bln in loans to revive Middle East

The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said Chinese President Xi Jinping on Tuesday pledged a package of $20 billion inloans and $1.6 billion in financial aid to countries in the Middle East, as part of what he called an “oil and …

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