Xi Jinping Announces $275 Million Grant to Strengthen SCO Collaboration

Speedy Summary

• Event: Day two of the SCO summit in tianjin, China.
• Major Announcement: Chinese President Xi Jinping pledged 2 billion yuan ($275 million) in grants for SCO states in 2025 too promote cooperation.
• Focus Areas:

– emphasis on fairness and justice in international relations while opposing “Cold War mentality, camp confrontation, and bullying behavior.”
– Proposal to create an SCO Development Bank.
– Increased educational initiatives including doubled scholarships and a new doctoral programme specific to the SCO.
– Deepened economic ties through the Belt and Road Initiative; trade with SCO countries has surpassed $2.3 trillion, with Chinese investments exceeding $84 billion.

• SCO Vision: Xi described the organization as “a model for a new type of international relations” promoting mutual trust while opposing external interference.
• Leadership Interaction: Indian PM Narendra Modi, Russian president Vladimir Putin, and Xi Jinping were observed sharing light moments together during the summit.

!here.