China offers $3 billion in aid and loans to neighbours - Xinhua


  • World
  • Saturday, 20 Dec 2014

China's newly elected President and chairman of the Central Military Commission Xi Jinping (L) talks with China's Vice Premier Li Keqiang during the fourth plenary meeting of the first session of the 12th National People's Congress (NPC) in Beijing, March 14, 2013. REUTERS/China Daily

BANGKOK/SHANGHAI (Reuters) - China has offered more than $3 billion (1.92 billion pounds) in loans and aid to neighbours 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.

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