David Cameron is to take a leadership role in a $1bn investment fund set up to back China’s Belt and Road infrastructure initiative.
The state-endorsed fund will be led by private institutions in UK and China and employ the former UK prime minister in a leadership role that has yet to be defined.
The fund was announced among a raft of new investment agreements finalised during a two-day visit to Beijing by UK Chancellor Philip Hammond as part of efforts to boost global trade ties before the UK leaves the EU in 2019.
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