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Post by bot on Dec 3, 2010 14:33:04 GMT -5
China may invest $8b for SCO development bank China may contribute $8 billion to establish Shanghai Cooperation Organization (SCO) Development Bank, the 21st Century Business Herald reported Thursday. The proposed fund to establish the bank could be as large as $10 billion. China would be the main investor, and the remainder may come from other SOC members like Russia, according to the report. The SOC is an intergovernmental organization founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, T . english.people.com.cn/90001/90778/90861/7219377.html
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