China's tens of billions of dollars to help fight the crisis will send investment promotion group

Will send a large number of trade and investment promotion group Russia said not to worry about China's consolidation of status in Central Asia Wu Jiajun Chinese President Hu Jintao said at a meeting of leaders of the Shanghai Cooperation Organization in Russia yesterday that China would provide 10 billion of billions of dollars in credit support to help SCO member states cope with the financial crisis.　　Russia says it should welcome China's concern that it does not worry about offering new loans to some Central Asian countries. China and Russia signed 3 billion U.S. dollar contract SCO member States, observer state leaders and guests of the Chairman of the meeting held a broad range of talks yesterday morning, Hu Jintao in his speech stressed that the Chinese will abide by its commitments and continue to support multilateral and bilateral project cooperation within the framework of the Organization. "China will provide 10 billion U.S. dollars of credit support to the SCO member States to deal with the impact of the international financial crisis to make their own efforts."　　"said Hu. He said the SCO could serve as a springboard for economic revival in Member States.　　In addition, China will organize trade and investment promotion group to member countries, promote import and export trade and two-way investment with member countries. Chinese and Russian entrepreneurs signed about 40 contracts in Moscow yesterday, with a total value of about $3 billion. China will also invest 100 million yuan to establish Russian-Chinese electromechanical products Trade Support Fund, and will start operation within six months. The Russian Ministry of Economic Development and the Chinese Ministry of Commerce will sign a memorandum on encouraging investment and trade cooperation. A series of institutions for mutual cooperation has been set up and a list of projects with investment potential has been identified. China Machinery Import and Export (Group) Co., Ltd. also intends to invest two new cement production lines in Russia.　　In addition to providing a complete set of equipment for the cement plant and installing it, the Chinese government has to invest about 80% of its capital. The President of Kyrgyzstan, Mr. Bakiyev, yesterday suggested that the SCO should establish an effective regional transit transport system and continue to deepen trade and economic cooperation among countries: "There is a concrete example to prove this effective cooperation, that is, China for the SCO to provide a total of 10 billion U.S. dollars in economic and technological projects loans. Russia says Chinese loans are transparent at a subsequent news briefing, Russian Deputy Foreign Minister Chergues Riyabkov said China intends to provide new loans to some Central Asian countries, and Moscow is not worried about China's consolidation of its status in these countries ' fiscal areas,　　On the contrary, Russia has great interest in the issue of cooperation between China and Central Asian partners. Commenting on the news that China intends to offer new loans to some countries in Central Asia, Ryabkov said: "We believe that what is happening is fairly transparent." If China does something, we should do something, and that would be the wrong choice. "Our friends and partners in Central Asia also understand the situation and address the problems they face in the economic and social development field, while taking advantage of the opportunities offered by working with China, so we should welcome this," he said. Russian President Assistant Alkadi Dvorkovic said Russia would not use the Chinese loan, whichSome funds will be used to develop joint projects among Member States. Dvorkovic said: "In fact, Russia will also help other countries, Kyrgyzstan, Armenia, Belarus and other countries to provide credit support." The money will be used to develop joint projects rather than help Russia's economic recovery. ”