China Chairman Xi Jinping said that the Shanghai Cooperation Organization (SCO) has turned into an effective force that opposes hegemony and power policy, advocating multipolar, international equality and justice. He made a speech at the opening of the 25th Council of the Council of the Heads of the SCO state in the Chinese city of Tianjin.
The Chinese leader noted that the organization has been in the spirit of multipolarity since the creation, builds global management based on intense consultations and distribution of benefits. “The SCO, protecting equality and justice in the world, supports the inclusive of civilizations and their mutual training,” the PRC chairman emphasized.
Xi Jinping called the organization’s member to overcoming differences, strengthening cooperation and solidarity, as well as to support the equal multipolar world and inclusive economic globalization.
he He noted that the SCO with the participation of 26 countries – members, observers and partners in dialogue – became the largest regional organization in the world. Joint cooperation in more than 50 spheres created an economic value of almost $ 30 trillion.
China invested in the SCO countries more than $ 84 billion, and the turnover exceeded $ 2.3 billion. The Chairman of the PRC emphasized the need to simplify trade and investment, the development of cooperation in the areas of energy infrastructure, green industry, digital economics, scientific and technological innovations, as well as artificial intelligence.
The President also said that this year China will send SCOS 2 billion to the yuan ($ 280 million) and provide 10 billion yuan (1.4 million dollars) loans through the interbank consortium SCO. For five years, it is planned to open 10 professional educational centers “Luban Workshop”, having prepared 10 thousand specialists.
the SCO was created in 1996 as an alliance to ensure the security of border and economic cooperation by the countries of the “Shanghai Five” – China, Russia, Kazakhstan, Kyrgyzstan and Tajikistan. In 2001, Uzbekistan joined the organization. In subsequent years, the SCO included India, Pakistan, Iran and Belarus.
the multipolar organization covers about 65% of the territory of Eurasia, includes 40% of the population of the planet and forms approximately 30% of the world GDP. Mongolia and Afghanistan have observers status, and 14 countries, including Turkey, are partners in dialogue.