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Shanghai group leaders open talks | |
(about 9 hours later) | |
Chinese President Hu Jintao and leaders from Central Asia have joined Russian President Dmitry Medvedev for a summit on economic and security issues. | |
Opening the Shanghai Co-operation Organisation's ninth summit in Yekaterinburg, Mr Medvedev said the group had made good progress. | |
Some of the leaders will also attend a summit of the four emerging economies: Brazil, Russia, India and China. | |
The global economic crisis is expected to dominate both meetings. | |
But regional political issues are also expected to be on the agenda, with leaders of a number of neighbours attending the summit as observers. | |
The Shanghai Co-operation Organisation (SCO) brings together Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. | |
India, Pakistan, Iran and Mongolia later joined as observer members. | India, Pakistan, Iran and Mongolia later joined as observer members. |
Indian Prime Minister Manmohan Singh and Pakistani President Asif Ali Zardari were expected to hold their first meeting since last November's attacks on Mumbai, which India has blamed on Pakistan-based militants. | |
Also, Iranian President Mahmoud Ahmadinejad was no longer expected to attend after unrest in his country over his disputed re-election. | |
Multi-polar world | |
"The time flies so fast, the organisation has been created only recently but already some rather serious work has been done," Mr Medvedev said in his opening statement. | |
The SCO was formed in 2001 to curb extremism in the region and enhance border security. | |
It was China's answer to a multi-polar world and increasingly it has played a role in promoting regional security, for example by contributing to reconstruction in Afghanistan, says the BBC China analyst Shirong Chen. | |
Under the current economic crisis, however, SCO countries are seeking to develop co-ordinated measures to stabilise their economies and maintain growth in Eurasia through multilateral trade and co-operation, our correspondent says. | |
Trade between China and the other five full members has grown from $12bn (£7.3bn) in 2001 to $68bn in 2007. | Trade between China and the other five full members has grown from $12bn (£7.3bn) in 2001 to $68bn in 2007. |
There have been moves to build a single energy market and a common transportation corridor within the SCO. | There have been moves to build a single energy market and a common transportation corridor within the SCO. |
The energy-thirsty China will benefit from all this, but China has also provided training and other services in return. | The energy-thirsty China will benefit from all this, but China has also provided training and other services in return. |
Leaders from the emerging economies of Brazil, Russia, India and China, the so-called Bric countries, will hold their first ever summit in Russia on Tuesday. | Leaders from the emerging economies of Brazil, Russia, India and China, the so-called Bric countries, will hold their first ever summit in Russia on Tuesday. |
The term Bric was coined in the same year the SCO was set up. | The term Bric was coined in the same year the SCO was set up. |
The last eight years have seen a shift of power both politically and economically, with China as the biggest winner, says BBC China analyst Shirong Chen. |