Chinese President Xi Jinping emphasized strengthened multilateral cooperation and inclusive development during his keynote speech at the Shanghai Cooperation Organization (SCO) Plus meeting in Tianjin on Monday. The address, attended by leaders and representatives from over 15 countries and regions, outlined China's vision for addressing global challenges through regional solidarity.
Four Pillars of Collaboration
Xi highlighted security coordination, economic innovation, cultural exchanges, and technological partnerships as critical areas for SCO expansion. He noted the organization's role in stabilizing Central Asian supply chains and combating cross-border cybersecurity threats, particularly relevant to businesses operating in Eurasia.
Economic Priorities Take Center Stage
The speech proposed new mechanisms for local currency settlements among member states, potentially reducing dollar dependency in Asian trade. Analysts suggest this could create opportunities for fintech companies and infrastructure investors, while academics anticipate deeper research collaboration in green energy and AI governance frameworks.
Cultural Bridges and Travel
Xi announced plans to simplify visa procedures for SCO member citizens and establish 20 new cultural centers by 2025, aligning with growing interest in Central Asian tourism. The initiatives aim to facilitate people-to-people exchanges while maintaining pandemic-era health security protocols.
