China's Xi: China will provide 2bn yuan in grants to SCO states this year

China's Xi: China will provide 2bn yuan in grants to SCO states this year

Chinese President Xi Jinping has announced that China will provide 2 billion yuan in grants to member states of the Shanghai Cooperation Organisation (SCO) this year. This announcement was made during the SCO summit in Tianjin, where Xi hosted a banquet for international guests attending the event [1].

The SCO, founded in 2001 by China, Russia, and Central Asian states, focuses on regional security, economic cooperation, and counterterrorism. The organization has expanded to include 10 member states, two observers, and 14 dialogue partners, representing nearly half of the world's population and a quarter of the global economy [2].

Xi's announcement comes as the SCO summit is expected to adopt key documents, including the organization's development strategy for the next decade. The summit, which is the largest-ever annual gathering of the group, includes leaders from more than 20 countries and 10 international organizations [3].

The 2 billion yuan grant is part of China's efforts to strengthen its ties with SCO member states and promote regional cooperation. The grant is intended to support projects that contribute to the development and prosperity of member states, in line with the SCO's mission for regional peace and stability [1].

This announcement is significant for SCO member states, as it demonstrates China's commitment to supporting their economic development and regional cooperation. The grant is expected to have a positive impact on the economies of member states, contributing to their growth and development.

References:
[1] https://www.trtworld.com/world/article/b43dcd707b3c
[2] https://www.aljazeera.com/news/2025/8/31/chinas-xi-says-sco-bears-greater-responsibility-for-keeping-peace
[3] https://news.cgtn.com/news/2025-08-31/Xi-hosts-welcome-banquet-for-guests-attending-SCO-summit-in-Tianjin-1Gi0H4bv9AI/p.html