China increases preferential credit to ASEAN by five billion US dollars.Byline: ANI Hua Hin
Asian country country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" by five billion U.S. dollars. Chinese Premier Wen Jiabao Wen Jiabao (wĕn` jyä`bou`), 1942–, Chinese political leader, b. Tianjin. Originally a geologist, he worked for the Gansu provincial geological bureau (1968–82), where he was the head of its political section, and rose to deputy announced at a summit with ASEAN ASEAN: see Association of Southeast Asian Nations. ASEAN in full Association of Southeast Asian Nations International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in dialogue partners that the perferential part of the 15-billion-U.S.-dollar credit would increase to 6.7 billion U.S. dollars. "We made the offer to demonstrate our support for China-ASEAN cooperation in infrastructure construction," Xinhua quoted him, as saying. China had unveiled the plan to offer 15 billion U.S. dollars of commercial credit to the ASEAN countries in April. The credit is to be provided in the next three to five years. To demonstrate its close ties with ASEAN, China also rolled out a plan to setup a China-ASEAN investment cooperation fund of 10 billion U.S. dollars to promote cooperation on infrastructure construction, energy and resources, information and communications. Jiabao said at the summit Saturday that the first one billion U.S. dollars of the fund was close to being in place. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agency, he also made a number of other proposals to advance cooperation with the ASEAN in fields such as the economy, finance, trade, environment, rural development and regional cooperation. (ANI) Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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