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China offers $3 billion in aid and loans to neighbors

2014-12-21 10:05:50       source:Reuters

December 20, 2014


"China has offered more than $3 billion in loans and aid to neighbors Cambodia, Vietnam, Myanmar, Thailand and Laos to improve infrastructure and production, and to fight poverty, state media reported on Saturday.


Chinese Premier Li Keqiang said the offer included $1 billion for infrastructure, $490 million for poverty alleviation and $1.6 billion in special loans for China's production capacity export, Xinhua news agency said.


During a speech to the fifth summit of the Greater Mekong Subregion (GMS) Economic Cooperation in Bangkok, Li also pledged $16.4 million to dredge waterways along the Mekong River to prevent natural disasters."


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http://www.reuters.com/article/2014/12/20/us-china-asia-idUSKBN0JY08020141220?feedType=RSS