China to offer $10 billion in infrastructure loans to Southeast Asian countries

KUALA LUMPUR (Reuters) - China will offer $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 (U.S. $560 million) to underdeveloped states within ASEAN in 2016, Vice Foreign Minister Liu Zhenmin said at a briefing on Sunday on the sidelines of a meeting with Asia Pacific leaders.

(Reporting By Megha Rajagopalan and Praveen Menon)