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SCO Summit: SCO member states enjoy mutually beneficial, reciprocal economic co-op

June 13, 2006

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SHANGHAI, June 12 (Xinhua) -- Member states of the Shanghai Cooperation Organization (SCO) enjoy a mutually beneficial and reciprocal economic cooperation, said a Chinese expert Monday before the upcoming SCO summit slated for June 15 in Shanghai.

Zhao Changqing, deputy director of the SCO Research Center under the Chinese Academy of Social Sciences, told Xinhua that China has made efforts to boost economic and trade cooperation with the five countries in central Asia, namely, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan.

He noted that the central Asian countries met with economic difficulties after gaining independence. Between 1992 and 1994, the gross domestic product (GDP) of some countries was halved in comparison with the time before independence. Later they suffered from economic crisis in southeast Asia and financial crisis in Russia. In contrast with them, the Chinese economy soared.

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