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Article: China : Japan vows $5.5 bln aid to Mekong region at summit.
- Article from:
- TendersInfo
- Article date:
- November 7, 2009
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Byline: datta03
Japan offered on Friday more than 500 billion yen ($5.5 billion) in aid over the next three years to Southeast Asia's emerging Mekong River region countries, where it seeks more influence and investment opportunities.
In recent decades, Japan has been the biggest outside source of aid to the sub-region, but China's global quest for resources, and its outward investment drive of the past decade or so, have enlarged Beijing's presence in Southeast Asia. ID:nHAN427961
Tokyo, keen on the region viewed as strategic for its proximity to shipping lanes and abundant natural resources, is hosting the first leaders' summit with five ...