Subscribe free to our newsletters via your
. GPS News .




SUPERPOWERS
China pledges $11.5 billion to Mekong region countries: Xinhua
by Staff Writers
Beijing (AFP) Dec 20, 2014


China will provide more than $11.5 billion in loans and aid to neighbouring Cambodia, Laos, Myanmar, Thailand and Vietnam, mostly for infrastructure and industrial capacity building, state media said Saturday.

Chinese Premier Li Keqiang pledged $1 billion in funding for infrastructure, $490 million aid for poverty reduction, and $10 billion in "special loans", the official Xinhua news agency said.

Li announced the loans in Bangkok at a summit of countries along the Mekong river, a day after he vowed to help construct a railway through Thailand which Xinhua said will cost $10.6 billion.

Few details were given on projects to be funded, but Xinhua said China will export production capacity in industries such as electricity, telecommunication, steel and cement.

China also promised to invest $16.4 million to dredge waterways along the Mekong River and prevent natural disasters, Xinhua cited Li as saying.

Beijing has previously come under fire from environmentalists for building dams along the upper-reaches of the Mekong in southwestern China, which have been blamed for flooding along the river.

Dams and hydro-electric power schemes were expected to be high on the agenda of the Greater Mekong Summit, despite mounting concerns over environmental and social impacts.

China has in recent months devoted diplomatic energy as well as huge sums of money to wooing Southeast Asia, where its reputation as a regional powerhouse is blighted by sea disputes and fears over its long-term intentions.

In November, Beijing pledged $20 billion in soft loans and for infrastructure projects to the 10-members of the Association of Southeast Asian nations during a summit in Myanmar.

Experts say Beijing is determined to outmanoeuvre the US, which has embarked on a security "pivot" towards Asia, as well bolster its trade routes -- and access to resources -- as China's rapid economic growth continues.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SUPERPOWERS
Obama acts boldly on Cuba, with eye on legacy
Washington (AFP) Dec 18, 2014
While campaigning in 2008, Barack Obama said it was time to come up with a new US policy towards Cuba. Now, with two years left in his second term in the White House, he has finally acted. The president has broken with a half century of seeking to isolate Cuba by announcing plans to restore diplomatic relations with the communist-run island after a year and a half of secret negotiations. ... read more


SUPERPOWERS
Germany introduces bird flu test for ducks, geese

Study: modern agriculture has weakened human bones

Former Guatemala gum growers live off sustainable jungle

Chinese high rollers send pigeon prices soaring

SUPERPOWERS
Switching to spintronics

Germanium comes home to Purdue for semiconductor milestone

Room temp quantum optics chip geneates tunable photon-pair spectrum

Unusual electronic state found in new class of unconventional superconductors

SUPERPOWERS
Airbus will not scrap A380s despite order drought: CEO

Air China orders 60 Boeing 737s for more than $6 bn

BOC Aviation adds two more Boeing jets to earlier order spree

3 countries eye pooled acquisition, operation of airlifters

SUPERPOWERS
Honda to recall almost 570,000 vehicles in China

Rice study fuels hope for natural gas cars

Google self-driving car prototype ready to try road

Dongfeng, Huawei partner for Internet-enabled cars

SUPERPOWERS
China says regrets death in Myanmar mine protest

US officials see progress in China trade talks

WTO appeals panel sides with China in US anti-dumping duties row

Woman shot dead protesting China-backed mine in Myanmar: govt

SUPERPOWERS
Ecuador returning German money in environment row

Clearing rainforests distorts wind and water, packs climate wallop beyond carbon

Seeing the forest for the trees

NASA Study Shows 13-year Record of Drying Amazon Caused Vegetation Declines

SUPERPOWERS
Salinity matters

CryoSat extends its reach on the Arctic

China publishes images captured by CBERS-4 satellite

ADS to build Falcon Eye Earth-observation system for UAE

SUPERPOWERS
ORNL microscopy pencils patterns in polymers at the nanoscale

Nanoscale resistors for quantum devices

New technique allows low-cost creation of 3-D nanostructures

Technique determines nanomaterials' chemical makeup and topography




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.