Global EditionASIA 中文双语Français
Home / World / Latest

China policy bank reports over $100 bln loans to SCO countries

Xinhua | Updated: 2018-06-07 20:53

BEIJING -- China Development Bank (CDB), a major policy bank, has so far loaned more than $100 billion to members of the Shanghai Cooperation Organization (SCO), data from the bank showed.

The CDB currently has $41.34 billion and 16.37 billion yuan (about $2.56 billion) in loan balances to SCO member countries, the bank said Thursday.

By the end of 2017, the CDB had also loaned $7.69 billion  and 3.34 billion yuan to member banks of the SCO Interbank Consortium, with outstanding loans standing at $2.05 billion dollars and 3.3 billion yuan.

The SCO accounts for over 60 percent of the Eurasian landmass, nearly half of the world's population, and over 20 percent of global GDP.

The regional organization has eight member states: China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, and Uzbekistan, as well as four observer states and six dialogue partners.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349