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Thursday, November 13, 2014, 21:18

China pledges loans of over $20b to Southeast Asia

By Reuters

BEIJING - China on Thursday pledged loans of more than $20 billion to support Southeast Asia's "connectivity construction", China's official Xinhua news agency said.

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.

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