CHINA TOPIX

China Dangles $20 Billion Loan to Fellow South China Sea Claimants

Kat De Guzman   |

Nov 14, 2014 01:32 AM EST

China offered the members of the Association of Southeast Asian Nations (ASEAN) a friendship treaty and loans worth US$20 billion on Thursday, but Prime Minister Li Keqiang pressed that Beijing will only address the South China Sea disputes through direct settlements with other claimants.