China to offer $4.7 billion in loans under SCO framework

Reuters | Published: June 10, 2018 12:52:55

A TV screen shows a live broadcast of Chinese President Xi Jinping attending a group photo of Shanghai Cooperation Organization (SCO) summit at the media center, in Qingdao, Shandong Province, China, June 10, 2018. Reuters

Chinese President Xi Jinping, speaking at a summit of the Shanghai Cooperation Organisation (SCO), said the country would offer the equivalent of 30 billion yuan ($4.7 billion) in loans under a framework formed by SCO countries.

The SCO includes China, Russia, India, Kazakhstan and other Asian countries.