China's Xi pledges billions in loans to Central Asian nations

Beijing aiming to fill void left by Russia in former Soviet republics

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Chinese President Xi Jinping, center, and leaders from five Central Asian nations at the China-Central Asia Summit in Xian on May 19. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- Chinese President Xi Jinping on Friday pledged 26 billion yuan ($3.7 billion) in fresh loans and grants to five Central Asian neighbors as Beijing looks to fill a void left by Russia in the resource-rich region.

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