My comment: We have discussed several times about the crucial role that Southeastern Asia will play in the the global economy and how infraestructure projects in that area will push development in the corner where above 50% of world population lives. More good and exciting news about investments in ASEAN countries.
Chinese FM: China shows sincerity, responsibility, confidence in East Asian cooperation http://news.xinhuanet.com/english/2009-04/12/content_11170945.htm quotes from it: "China plans to establish a China-ASEAN investment cooperation fund totaling 10 billion U.S. dollars designed to promote infrastructure construction that will better connect China and the ASEAN nations, Yang said. Over the next three to five years, China plans to offer a credit of 15 billion dollars to ASEAN countries, including loans with preferential terms of 1.7 billion dollars in aid to cooperation projects between the two sides. China also plans to offer 270 million yuan (39.7 million dollars) in special aid to Cambodia, Laos and Myanmar to help those countries overcome difficulties amid crisis, and to inject 50 million dollars into the China-ASEAN Cooperation Fund. China plans to provide 300,000 tons of rice for the emergency East Asia rice reserve to strengthen food security in the region. China will also provide training for 1,000 agricultural technicians for the ASEAN nations in the upcoming three years, offer an extra 2,000 Chinese government scholarships and 200 Master's scholarships for public administration students from the developing member countries of the East Asia Summit over the next five years, and donate 900,000 dollars to the ASEAN Plus Three Cooperation Fund, Yang said. The premier had also intended to exchange views with other leaders on the multilateralization of the Chiang Mai Initiative, the construction of the Asian bond markets, expansion of foreign currency reserve pools, widening bilateral currency swap agreements, and efforts to promote the construction of the ASEAN Plus Three free trade zone. " ... "The China-ASEAN free trade zone, if established in 2010 as planned, would further strengthen relations between China and ASEAN" See also China Plans $10 Billion Asean Investment Funding http://www.bloomberg.com/apps/news?pid=20601087&sid=azo6VdjXJ7RY&refer=home Peace and best wishes. Xi --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
