Source: The French Saker
China is still working hard this week to weave its new international network. Most of its investments are in infrastructure, which means China is seeking long term economic profitability within a long term diplomatic policy. This in sharp contrast with the way western countries are managing their economy and diplomacy in a search of short term profits, by the way letting its own basement crumbling
China pledges $11.5 billion to Mekong region countries: Xinhua (AFP, English, 21/12/2014)
China will provide more than $11.5 billion in loans and aid to neighboring 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.
Xi satisfied with breakthrough of China-Thailand railway cooperation (Xinhua, English, 23/12/2014
China and Thailand signed two MoUs on railway cooperation and agricultural trade in Bangkok last Friday during Chinese Prime Minister Li Keqiang’s visit.
The MoU on railway cooperation allows China to invest in two dual-track rail lines in Thailand that will span 734 km and 133 km, connecting northeast Thailand’s Nong Khai province, Bangkok and eastern Rayong province.
[Please click below to continue reading] Continue reading International Press Review, by The French Saker