Investing.com - China is offering $10 billion in infrastructure loans to Southeast Asian countries, a senior foreign ministry official said on Sunday.
The world's second-largest economy will also provide aid worth 3.6 billion yuan or 560 million dollars, to underdeveloped states within the Association of Southeast Asian Nations in 2016, Vice Foreign Minister Liu Zhenmin said.
Liu did not say which bank would provide the loans.
The pledges come as China seeks to expand its influence in the developing world, including Southeast Asia, with government aid programmes and loans. The Asian Infrastructure Investment Bank, a development bank backed by China, won support from Asian and Western European economies this year despite an ambivalent response from the United States.