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China Announced USD 1.5 Billion Assistance for the ASEAN

ASEAN Meet:

China has announced USD 1.5 billion development assistance for the ASEAN besides the elevation of the ties to a comprehensive strategic partnership to strengthen security cooperation with the 10-nation bloc, amid the US push into the resource rich Indo-Pacific.

  • Xi made the remarks at the Association of Southeast Asian Nations (ASEAN)-China Special Summit to commemorate the 30th Anniversary of ASEAN-China Dialogue Relations.
  • He also said China would never seek hegemony nor take advantage of its size to coerce smaller countries, and would work with Asean to eliminate “interference”.
  • The Association of Southeast Asian Nations is a regional organization which was established to promote political and social stability amid rising tensions among the Asia-Pacific’s post-colonial states.
  • The motto of ASEAN is “One Vision, One Identity, One Community”.
  • ASEAN Secretariat – Indonesia, Jakarta.
  • Established in 1967 with the signing of the ASEAN Declaration (Bangkok Declaration) by its founding fathers.
  • Founding Fathers of ASEAN are: Indonesia, Malaysia, Philippines, Singapore and Thailand.
  • Ten Members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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