Home »Top News » Front Top News » China offers $3bn in aid and loans to neighbours

imageSHANGHAI: China has offered more than $3 billion 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.

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.

Copyright Reuters, 2014

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