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SCO economies keep growing despite global woes: communique

(Xinhua)

09:41, November 08, 2011


The 10th prime ministers' meeting of the Shanghai Cooperation Organization (SCO) is held in St. Petersburg, Russia, Nov. 7, 2011. (Xinhua/Yao Dawei)

ST. PETERSBURG, Russia, Nov. 7 (Xinhua) -- Members of the Shanghai Cooperation Organization (SCO) have been able to maintain economic growth and attract investments despite the global downturn, prime ministers of the group said here Monday.

Steady economic growth was achieved in these countries amid global financial uncertainties and fluctuation in raw material prices, said the leaders in a joint communique issued after their annual gathering in the Russian city.

The SCO, which was founded in Shanghai in 2001, groups China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.

The communique also said the prime minsters exchanged views on a broad range of global and regional economic development issues in a "friendly, constructive and pragmatic atmosphere."

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