China may OK $10b to bloc nations
By Zhang Haizhou | China Daily | Updated: 2009-10-14 07:56
The Chinese government may finalize its pledge today to loan $10 billion to the Shanghai Cooperation Organization (SCO), a security and economic bloc between China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.
The loan could be approved at the SCO's 8th prime ministers' meeting in Beijing and will be used by the member states to shore up their economies amid the global economic crisis.
Economy is set to top the meeting's agenda, which will also include regional peace, analysts said yesterday.
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