China offers US$1.5 billion to Asean in development aid


In this photo released by Xinhua News Agency, Chinese President Xi Jinping waves as he chairs the Asean-China Special Summit to commemorate the 30th Anniversary of Asean-China Dialogue Relations via video link from Beijing, China on Monday, Nov. 22, 2021. Xi on Monday said his country will not seek dominance over Southeast Asia or bully its smaller neighbors, amid ongoing friction over the South China Sea. - AP

ASEAN-CHINA SUMMIT, Nov 22 (dpa): Chinese President Xi Jinping said that his country will offer 1.5 billion dollars in development aid to the Association of South-East Asian Nations (Asean) in the next three years.

The financial assistance is to help Asean countries to fight epidemics and recover their economies, Xi said during a virtual meeting with ASEAN heads of state and government on Monday.

He also said China would donate 150 million Covid-19 vaccine doses.

Xi said that he is not proceeding with power politics, despite the actions of the country's naval forces in the South China Sea, where it has several overlapping territorial disputes with its neighbours.

China wants to get along peacefully with its neighbours and work together to maintain "lasting peace in the region, never seeking hegemony," Xi said during a meeting online with heads of state and government of the Association of South-East Asian Nations (Asean) on Monday.

Recently, there were renewed incidents with Asean members Philippines, Malaysia and Vietnam in maritime areas in and around the sea.

China claims almost the entire South China Sea as its territory and has built artificial islands with military-capable facilities in the area.

Aside from the Philippines, Vietnam, Malaysia, Brunei and Taiwan also have claims to the area, which is believed to be rich in natural resources.

In 2016, the Philippines won an arbitration case against China in an international tribunal over its expansive claims in the South China Sea. Beijing has refused to accept the ruling. - dpa

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China , Asean , Philippines , Vietnam , Cash-Aid

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