China to set up 30-bln-yuan lending facility under SCO framework: Xi

President Xi Jinping announced on Sunday that China will set up a 30-billion-yuan (4.7 billion U.S. dollars) equivalent special lending facility within the framework of the Inter-Bank Consortium of the Shanghai Cooperation Organization (SCO).

Chinese President Xi Jinping chairs the 18th Meeting of the Council of Heads of Member States of The Shanghai Cooperation Organization (SCO) and delivers a speech in Qingdao on Sunday, June 10, 2018. [Photo: Xinhua]

Xi made the announcement at the 18th Meeting of the Council of Heads of Member States of the SCO in the Chinese coastal city of Qingdao, Shandong Province.