US EditionChina's Xi Seeks Expanded Role for Shanghai Cooperation Organization with Development Bank
- Chinese President Xi Jinping attended the annual Shanghai Cooperation Organization summit in Tianjin on September 1, 2025.
- The summit followed a history of security focus and a 2020 border dispute freeze between China and India, which Xi and Modi vowed to resolve.
- At the summit, Xi announced that China would provide $1.4 billion in financing to SCO member countries over the coming three years and revealed plans to expedite the establishment of a development bank aimed at broadening the organization’s activities.
- Xi emphasized the importance of rejecting Cold War thinking, avoiding bloc rivalries and coercion, and reinforcing the United Nations’ central role while advocating for a fair multipolar world order; meanwhile, Putin criticized discriminatory sanctions that hinder global socioeconomic progress.
- The SCO seeks a larger global role amid US decline, but its influence remains uncertain and it continues mainly as a security forum addressing 'three forces': terrorism, separatism, and extremism.
144 Articles
144 Articles
China, Russia, India show unity at Tianjin summit
TIANJIN, China — China plans to accelerate the creation of a development bank and set up an international platform for energy cooperation, Chinese President Xi Jinping announced Monday at a summit that represents an emerging challenge to U.S. global leadership…
China’s Xi outlines global vision at major summit
Chinese leader Xi Jinping further outlined his vision for a global order with Beijing at its center. Xi has been on a diplomatic push, following a Shanghai Cooperation Organisation summit with a massive military parade tomorrow, intended to showcase China’s growing heft. As part of that, he won approval for a development bank attached to the SCO — yet another Beijing-aligned multilateral lender that follows the Asian Infrastructure Investment Ba…
China's Xi seeks expanded role for SCO at Tianjin summit
TIANJIN, China — China plans to accelerate the creation of a development bank and set up an international platform for energy cooperation, Chinese President Xi Jinping announced Monday at a summit that represents an emerging challenge to U.S. global leadership…
China's Xi seeks expanded role for Shanghai Cooperation Organization at Tianjin summit (copy)
China plans to accelerate the creation of a development bank and set up an international platform for energy cooperation, Chinese President Xi Jinping announced Monday.
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