The Beijing government has pledged a package of $ 20bn in loans and around $ 106 ##m in financial aid to various Middle East nations , citing a wish to revive economic development in the area . A consortium of banks from China and Arab nations, with a dedicated fund of $3 billion, will also be set up, he said. The package includes loans worth CNY100 m ( $ 15 m ) to assist economic development in Palestine , as well as CNY600 m ( $ 91 m ) for Jordan , Lebanon , Syria and Yemen . The Middle East as the area is key to China 's " One Belt One Road " initiative , which aims to develop strong trade routes .
The Beijing government has pledged a package of $ 20bn in loans and around $ 106 ##m in financial aid to various Middle East nations , citing a wish to revive economic development in the area . The package includes loans worth CNY100 m ( $ 15 m ) to assist economic development in Palestine , as well as CNY600 m ( $ 91 m ) for Jordan , Lebanon , Syria and Yemen . The Middle East as the area is key to China 's " One Belt One Road " initiative , which aims to develop strong trade routes .