The SCO, founded in 2001, includes China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Iran, India, Pakistan and others attend the summits, but not as full members.
"China has decided to give to the other member states $10 billion in loans," Hu said in a speech broadcast on state television. He did not elaborate on how the funds would be used.
At an SCO summit in June 2009, Hu offered Central Asian states $10 billion of credit to help counter the global economic slump. Hu said previously that China would "continue providing member states with concessional loans".
It is unclear how much money from that past commitment was dispersed.
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The Shanghai Cooperation Organisation (SCO) group was formed in 2001. Nothing much has been done since it came to being. China is the only outsider. The rest of the group members - Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan - had all been part of the former Soviet Union. Putin said in an ediitorial in Beijing that "Strengthening political co-operation within the framework of the SCO must also strengthen co-operation in the economic sphere". Now China was offering loans to member states of the SCO. Russia and Kazakhstan are rich themselves. Why would they need the loans?