China pledges $40 billion to link Asian nations in new leadership move

November 9, 2014 7:45 AM

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China pledges $40 billion to link Asian nations in new leadership move

A Chinese waitress lays out a table cloth as Hong Kong's Chief Executive Leung Chun-ying appears on a live broadcast at a dining area of the media center for the Asia-Pacific Economic Cooperation (APEC) Economic meetings held in Beijing, China, Sunday, Nov. 9, 2014. (AP Photo/Ng Han Guan) (The Associated Press)

BEIJING – Chinese President Xi Jinping is promising $40 billion to help Asian nations improve trade links in a new effort to assert Beijing's ambitions as a regional leader.

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