China to provide 10-billion-dollar loan to SCO members 2009-06-16 20:18:38   Print

    YEKATERINBURG, Russia, June 16 (Xinhua) -- Chinese President Hu Jintao said on Tuesday that China will provide a 10-billion-U.S. dollar credit loan to member states of the Shanghai Cooperation Organization (SCO) to shore up their economies amid the global financial crisis.

    China will also organize visits by trade and investment promotion delegations to other SCO member states to boost two-way trade and investment, Hu said in a speech at the organization's summit in Yekaterinburg, Russia.

    Hu reiterated that China will adhere to its commitments and continue to support multilateral and bilateral cooperation within the framework of the SCO.

    In face of the international financial crisis, China has adopted an active fiscal policy and a moderately loose currency policy, Hu said.

    China has also worked out a package of economic stimulus plans as part of efforts to further boost domestic demand and promote the economy's stable and relatively fast development, Hu said.

    He said China has also made great efforts to tap the domestic market, especially the rural market, implement industrial adjustments and revitalize plans on a large scale, work hard to push forward with scientific innovation and technical revamping, and strengthen efforts to cut greenhouse gas emissions and reinforce environmental protection.

    So far, the measures have achieved positive results, Hu said.

    He said although the international financial crisis continues to rear its ugly head, the basic trend and the long-term promising outlook of the Chinese economy has not changed.

    Keeping a stable and relatively fast development of the Chinese economy will have a positive influence on SCO members, the regional economy, as well as the world economy, he said.

    Hu said China adheres to the path of peaceful development, and as always, China will pursue an independent foreign policy of peace and abide by a policy of friendship and partnership with neighboring countries.

    He said China will join hands with other countries to face the challenges, share opportunities, and make greater contributions to regional and world peace and development.

Chinese president hails development of SCO

    YEKATERINBURG, Russia, June 16 (Xinhua) -- Chinese President Hu Jintao on Tuesday hailed the development of the Shanghai Cooperation Organization (SCO).

    Addressing the organization's summit, Hu said that in the eight years since its establishment, the SCO, enjoying ever growing vitality, has developed into one of the most influential regional constructive mechanisms with its role of maintaining its member states' rights of peaceful development, promoting regional security and stability as well as enhancing mutually-beneficial and win-win cooperation among members. Full story

SCO leaders conclude summit with calls for enhanced cooperation to tackle regional, int'l issues

The leaders of Shanghai Cooperation Organization (SCO) member countries, observer nations, and the leader of Afghanistan, a guest country of the SCO, hold a meeting in Yekaterinburg, Russia, on June 16, 2009. Chinese President Hu Jintao attended the meeting.(Xinhua/Lan Hongguang)
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 YEKATERINBURG, Russia, June 16 (Xinhua) -- Leaders of the Shanghai Cooperation Organization (SCO) concluded their annual summit on Tuesday with calls for constructive dialogues and enhanced cooperation to tackle regional and international issues.

    The leaders exchanged views in depth on a wide range of regional and international issues, said a joint communique released after the summit. Full story

Chinese president attends SCO summit in Yekaterinburg

    YEKATERINBURG, Russia, June 16 (Xinhua) -- Chinese President Hu Jintao and leaders of other member states of the Shanghai Cooperation Organization (SCO) met in Yekaterinburg, Russia, Tuesday to discuss economic and security issues.

    Founded in 2001, the SCO consists of Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran are observers of the organization.   Full story

Special reports: President Hu attends SCO, BRIC meetings, visits 3 nations 

Special Report:  Global Financial Crisis

Editor: Deng Shasha
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