
BEIJING, China: President Benigno S. Aquino III shares a light moment with Chinese President Xi Jinping and Commonwealth of Australia Prime Minister Tony Abbott during the 22nd Apec Leaders’ Meeting Tree Planting Ceremony at the Summer Garden of the International Conference Center at Yanqui Lake here on Tuesday (November 11). (MNS photo) NAYPYIDAW (AFP) – China on Thursday offered $20 billion in loans and floated the possibility of a “friendship treaty” with Southeast Asian nations, in an apparent bid to defuse regional tensions which spiked this year over contested seas. Attending the East Asia Summit in Myanmar, Chinese Premier Li Keqiang said $10 billion would be made available to the 10-member Association of Southeast Asian Nations (ASEAN) in cheap loans and a further $10 billion for infrastructure projects. “These measures will help speed up the building of regional connectivity,” Li added, in the official translation of his speech. Beijing also agreed to set up a hotline to help avert flashpoints in the bitterly disputed South China Sea, and stood ready to sign a “treaty of friendship and cooperation” with the bloc, according to Li. Four ASEAN states – Brunei, Malaysia, the Philippines and Vietnam – claim parts of the South China Sea, a key shipping lane believed to be rich in undersea gas deposits. But China says almost all of the sea is its own, including waters near to the shores of its smaller neighbours. A series of incidents earlier this year led Vietnam and the Philippines to decry Chinese Read More …








