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皇冠体育app plans $10b ASEAN infrastructure fund

(Xinhua)
Updated: 2009-04-18 14:12

BOAO - 皇冠体育app will set up a $10 billion 皇冠体育app-ASEAN investment cooperation fund to support infrastructure projects in the region, Premier Wen Jiabao said on Saturday.

Wen was speaking at the annual Boao Forum for Asia in south 皇冠体育app's island province of Hainan.

All countries should follow an open approach when expanding investment and allow equal participation of enterprises from other countries, Wen said.

皇冠体育app's foreign minister said last Saturday that 皇冠体育app had planned to establish a $10 billion infrastructure fund for the Association of Southeast Asian Nations during last weekend's East Asia Summit.

The summit was cancelled, however, after protesters denouncing the Thai prime minister blocked hotels where visiting leaders were staying.