Plan cements Mekong cooperation

Must Read

China’s COSCO Invests in Largest Greek Port With Expansion Plans for Biggest European Port

Greece’s Prime Minister Kyriakos Mitsotakis announced an agreement for Chinese state-owned shipping firm COSCO to invest and expand the Port...

Nepal–China ties tighten, but who gains?

Author: Anil Sigdel, Nepal Matters for America After upwards of 80 international trips, Chinese President Xi Jinping finally visited his...

China’s 2020 growth could exceed 6 per cent if US trade tensi…

China’s growth next year could reach 6 per cent, or even exceed it, if trade war tensions with the...

Gender discrimination in China’s labour income

Author: Jane Golley, ANU, Yixiao Zhou, ANU, and Meiyan Wang, CASS Income inequality has been a persistent feature of China’s...

Is Australia too dumb and too China-dependent?

Author: Adam Triggs, ANU Having been labelled ‘dumb’, ‘getting dumber’ and ‘too dependent on China’, it’s been a rough few...

China, 5 other nations to boost connectivity, use of river resources

Premier Li Keqiang consults with Yuan Longping (left), known as "the father of hybrid rice", during an exhibition on Lancang-Mekong cooperation in Sanya, Hainan province, on Wednesday. WU ZHIYI / CHINA DAILY

Premier Li Keqiang consults with Yuan Longping (left), known as “the father of hybrid rice”, during an exhibition on Lancang-Mekong cooperation in Sanya, Hainan province, on Wednesday. WU ZHIYI / CHINA DAILY

China and five other countries along the 5,000-km Lancang-Mekong River agreed on Wednesday on a sweeping plan to deepen cooperation and build a comprehensive connectivity network covering railways, highways, waterways, ports and aviation.

China also promised 10 billion yuan ($1.54 billion) in preferential loans and a credit line of $10 billion to support infrastructure and production capacity projects in cooperation with the countries.

Premier Li Keqiang announced the loans and the agreement in Sanya, Hainan province, at the first meeting of the leaders from the six countries along the river.

The Lancang-Mekong Cooperation Leaders’ Meeting also discussed the use of water resources, and China vowed to take measures to support improvement of living conditions in downstream areas along the river.

The Mekong River, whose upper part is known in China as the Lancang River, is an important water source for the five countries on the Indochinese Peninsula — Laos, Myanmar, Thailand, Cambodia and Vietnam — and it nourishes a population of 326 million.

Beijing announced last week that it will provide an emergency water supply through April 10 to countries along the river to deal with drought.

“That demonstrates China’s sincerity toward improving living conditions in countries along the Mekong River,” Premier Li said at a joint news conference after the meeting.

He announced that China will use $200 million from its South-South Cooperation Assistance Fund to help the five nations to realize the targets set in the United Nations’ 2030 Agenda for Sustainable Development. China also will provide $300 million to support small and medium-sized cooperation projects…

Read the complete story here

1 COMMENT

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

China’s COSCO Invests in Largest Greek Port With Expansion Plans for Biggest European Port

Greece’s Prime Minister Kyriakos Mitsotakis announced an agreement for Chinese state-owned shipping firm COSCO to invest and expand the Port...

Nepal–China ties tighten, but who gains?

Author: Anil Sigdel, Nepal Matters for America After upwards of 80 international trips, Chinese President Xi Jinping finally visited his South Asian neighbour, Nepal. The...

China’s 2020 growth could exceed 6 per cent if US trade tensi…

China’s growth next year could reach 6 per cent, or even exceed it, if trade war tensions with the United States de-escalate in the...

Gender discrimination in China’s labour income

Author: Jane Golley, ANU, Yixiao Zhou, ANU, and Meiyan Wang, CASS Income inequality has been a persistent feature of China’s rapid growth and development since...

Is Australia too dumb and too China-dependent?

Author: Adam Triggs, ANU Having been labelled ‘dumb’, ‘getting dumber’ and ‘too dependent on China’, it’s been a rough few weeks for Australia’s exports. Luckily,...

More Articles Like This

- Advertisement -
Thailand Business News