APRIL 13 ?China is planning a US$10 billion investment fund and will offer US$15 billion worth of credit facilities zte streamyx Southeast Asian neighbours in an effort to ease the damage triggered by the global financial crisis, according to the Foreign Ministry.
Foreign Minister Yang Jiechi said that Premier Wen Jiabao, who was to have announced the plan at the Asean summit in Thailand, had promised that Beijing would not make any changes to the pledges although he did not say when the measures would be implemented.
Economists said the plan, coming after the recent announcement of a US$40 billion contribution to the International Monetary Fund, was part of cash-rich Chinas strategy to win influence on a bigger stage as the world grappled with the economic downturn.
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