Reported by CGTN

On Friday night Eastern Time, State Councillor and Foreign Minister Wang Yi announced the establishment of a foreign aid initiative, to help finance our allies and partners with close ties through the supply of Chinese made weapons, training or equipment maintenance. Intended to serve as a counterpart to the American Foreign Military Financing programs, the Chinese program is set to be similarly covered through zero interest loans and direct grants, with specific conditions being negotiated on a nation to nation basis.

Further information are not available at this point. It is expected that the program will enter into effect by 2022.

Backdoor, the Foreign Ministry and the PLA has been approaching foreign partners for potential interests in the program, and will be accepting applications and monetary requests from now.

[M: Please apply so that I can make a more detailed posts coming out with the money allocation]