China will offer a 10-year loan to Thailand if the latter chooses to acquire Chinese-made submarines over that of its competitors, reports Huanqiu, the Chinese-language website of the nationalistic Global Times tabloid.
According to an announcement from the Thai defense ministry, the Royal Thai Navy intends to acquire three new submarines for around US$1 billion, though budgetary constraints mean the purchases could be made individually or stretched out over a period of time. A supply consultation report is expected to be issued by the end of the year, with more details of the plan to be released before November.
Read the full story at Want China Times