BEIJING: President Xi Jinping said his country will increase investments and loans to partners while outlining a plan to bolster a China- and Russia-led security bloc and boost Beijing’s global clout.
China will provide 2 billion yuan (US$275 million) in grants to member states of the Shanghai Cooperation Organization (SCO) this year and issue an additional 10 billion yuan in loans to lenders in the group’s interbank consortium over the next three years, Xi said Monday (Sept 1) at the SCO summit.
