Printer Friendly

China pledges loans of over $20 bln to Southeast Asia.

BEIJING, Muharram 20, 1436, November 13, 2014, SPA -- China on Thursday pledged loans of more than $20 billion to support Southeast Asia's "connectivity construction", China's official Xinhua news agency said, according to Reuters.

The offer, made by Premier Li Keqiang at an East Asia Summit in Myanmar, would provide a $10 billion preferential loan for Association of Southeast Asian Nations (ASEAN) members and a $10 billion loan set up by China Development Bank for "regional infrastructure development", Xinhua said.


14:48 LOCAL TIME 11:48 GMT

All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2014 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Saudi Press Agency (SPA)
Geographic Code:9CHIN
Date:Nov 13, 2014
Previous Article:European shares stage small bounce.
Next Article:India, US breakthrough heralds global trade pact.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |