TradingMarkets.com, 12 Apr 2009, Chris Oliver
HONG KONG (MarketWatch) -- In an apparent move to extend its influence, China will create a $10 billion infrastructure fund and extend $15 billion in credits to Southeast Asian nations as part of a general aid package to help its regional neighbors ride out the financial crisis.
Chinese Foreign Minister Yang Jiechi announced the plan Sunday through a report from the state-run Xinhua News Agency, saying the "investment cooperation fund" would support infrastructure, energy and resources, and information and communications projects.
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