China Unveils $25B in ASEAN Aid; POLS 495

the next five years, China will contribute twenty-five billion dollars to members of the Association of Southeast Asian Nations (ASEAN). Ten billion dollars will come in the form of an investment cooperation fund to be used for infrastructure construction, energy production, information technology and communications, the state-run Chinese news agency Xinhua reported. The remaining fifteen billion dollars will be in credit over the next three to five years.

http://www.upi.com/Business_News/2009/04/12/China-unveils-25B-in-ASEAN-aid-credit/UPI-67491239546993/