SCO pledges 5-year plan for economic growth

The Shanghai Cooperation Organization, the Eurasian political, economic and military grouping, pledged on Wednesday to initiate a five-year cooperation plan to put regional economic growth on a firmer footing, amid the toughening global business climate.

Delegates from its 16 member states, observer countries and dialogue partners attended the 14th session of the Economic and Trade Ministers' Meeting of SCO in Xi'an, the capital of Shaanxi province, and approved the drafting of the "List of Measures by the SCO to Further Promote Project Cooperation 2017-2021".

Worth a total of $100 billion, said officials, the list will involve more than 100 major projects in 10 main sectors including energy, infrastructure and telecommunications.