Xi Jinping calls on regional leaders to reject ‘Cold War mentality’ during summit.
Chinese President Xi Jinping has made a significant announcement during the recent summit of the Shanghai Cooperation Organisation (SCO) held in Tianjin, pledging approximately 0 million in aid to member states. This financial commitment reflects China’s ongoing dedication to supporting regional collaboration while promoting stability and development within an increasingly complex international landscape.
In his address at the summit, President Xi emphasized the necessity for member states to resist a “Cold War mentality” and foster cooperation, highlighting a collective approach to address mutual security and developmental challenges. Xi described the contemporary global situation as “chaotic and intertwined,” underscoring the importance of unity and shared objectives in navigating these difficulties.
As he looked back at the achievements derived from the “Shanghai spirit,” Xi urged the member states to maintain focus and collaboration in the face of turbulence. He called for an “equal and orderly multipolarization” of the world, advocating for a global governance structure that is just and equitable. Such a framework aims to create a harmonious international environment conducive to peace and prosperity.
In addition to the direct aid, Xi pledged to provide a further 10 billion yuan (approximately .4 billion) in loans through an SCO banking consortium. He urged member states to leverage their “mega-scale” markets to enhance trade and investment facilitation, thereby solidifying economic ties among nations.
The summit welcomes significant leaders from around the world, including Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Iranian President Masoud Pezeshkian, and Belarusian President Alexander Lukashenko, among over 20 prominent figures present. This gathering serves not only to bolster diplomatic relations among member states but also to position the SCO as a vital player on the global stage.
The Shanghai Cooperation Organisation, established in 2001, has evolved from its initial six-member structure—comprising China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan—to encompass 10 permanent members and 16 dialogue and observer nations. This expansion signifies a growing recognition of the SCO’s potential to act as a counterbalance to Western-led initiatives, fostering a new era of cooperation within the heart of Eurasia.
As the geopolitical landscape shifts, China’s proactive stance at the SCO summit reflects its strategic vision for a collaborative, multipolar world that prioritizes mutual growth and stability among its nations.
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