China to create a Southeast Asian $10 billion fund

China is planning a 10-billion-dollar fund to develop South Asian infrastructures, reported state media on Sunday. The announcement was to be made by Chinese Premier Wen Jiabao during the cancelled ASEAN summit in Thailand.China is to establish a 10-billion-dollar fund to help promote infrastructure projects in Southeast Asia, state media reported Sunday.The fund was among a series of measures that Chinese Premier Wen Jiabao was to have announced at a cancelled Asian summit in Thailand, the Xinhua news agency said, citing Foreign Minister Yang Jiechi.The planned measures also include 15 billion dollars of credit over the next three to five years to members of the Association of Southeast Asian Nations, or ASEAN, Xinhua said.ASEAN was to have hosted two days of talks with the leaders of China, Japan, South Korea and other allies in the biggest international meeting since the G20 summit in London, but the event was called off due to fierce demonstrations.