Skip to comments.
China says to offer $10 billion in loans to Shanghai Cooperation Organization member states
| Wed Jun 6, 2012 10:21pm EDT
| (Reporting by Sui-Lee Wee; Editing by Ken Wills)
Posted on 06/06/2012 8:45:10 PM PDT by Olog-hai
Chinese President Hu Jintao said on Thursday that Beijing will offer $10 billion in loans to the member states of the Shanghai Cooperation Organisation.
The SCO, founded in 2001, includes China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Iran, India, Pakistan and others attend the summits, but not as full members.
"China has decided to give to the other member states $10 billion in loans," Hu said in a speech broadcast on state television. He did not elaborate on how the funds would be used.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: china; loansharking; redchina; sco
Wonder what the loan terms will be, and if they'll be as draconian as those issued by another country whose name will not be mentioned
that likes to give loans to its neighbors in exchange for sovereignty . . .
posted on 06/06/2012 8:45:22 PM PDT
And we think being a taxpayer here sucks, imagine China.
posted on 06/06/2012 9:11:47 PM PDT
(Don't call me red.)
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson