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China to offer billions in new loans to Southeast Asia

Wednesday, March 23, 2016 - 19:35

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China will offer 10 billion yuan (US$1.54 billion) in preferential loans and a US$10 billion credit line to five countries along the Mekong River in Southeast Asia, Premier Li Keqiang said on Wednesday, state news agency Xinhua reported.

[BEIJING] China will offer 10 billion yuan (US$1.54 billion) in preferential loans and a US$10 billion credit line to five countries along the Mekong River in Southeast Asia, Premier Li Keqiang said on Wednesday, state news agency Xinhua reported.

He made the comments at a summit with leaders from Myanmar, Laos, Thailand, Cambodia and Vietnam in the southern Chinese resort town of Sanya on Hainan island.

REUTERS

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