Skip to comments.China says to offer $10 billion in loans to Shanghai Cooperation Organization member states
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 ...
And we think being a taxpayer here sucks, imagine China.
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