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China to offer $10 billion in infrastructure loans to Southeast Asian countries

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Reuters KUALA LUMPUR
Last Updated : Nov 22 2015 | 2:57 PM IST

KUALA LUMPUR (Reuters) - China will offer $10 billion in infrastructure loans to Southeast Asian countries, a senior foreign ministry official said on Sunday.

The world's second largest economy will also provide aid worth 3.6 billion yuan (U.S. $560 million) to underdeveloped states within ASEAN in 2016, Vice Foreign Minister Liu Zhenmin said at a briefing on Sunday on the sidelines of a meeting with Asia Pacific leaders.

(Reporting By Megha Rajagopalan and Praveen Menon)

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First Published: Nov 22 2015 | 2:43 PM IST

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