Home page / News & Analysis / Latest news / China Will Provide 10 Billion Dollars for SCO Countries
China Will Provide 10 Billion Dollars for SCO Countries
16.06.2009 — News
THE SVERDLOVSK OBLAST.
At the SCO summit on 16 June Hu Jintao, President of the People's Republic of China, said that China was ready to provide a 10 billion dollars loan to the Shanghai Cooperation Organisation countries with a purpose of overcoming the consequences of the financial crisis.
The Chinese leader pointed out that the SCO has a huge trade and economic potential which is not used to its full. According to Hu Jintao, intergovernmental projects in energy and transportation sectors will help neutralise recession. In addition, the member countries should engage in the financial dialogue, which can be initiated by the ministers of finance and central banks' leaders.
|Regions||Project participants||Investment projects||Consulates and Trade Offices||News and Analysis||About the Project|
© RusBusinessNews, 2009.
All rights reserved.
Establishing a hyperlink to RIA RusBusinessNews is required for using any of the material published on this website.
News and analytical reviews are translated into foreign languages by the TRANSLIT Translation Agency
|«Sum of technologies»®