The Shanghai Cooperation Organization (SCO) Summit concluded in Tianjin this week, offering a bold vision for global governance through collaboration and economic innovation. CGTN analyst Wang Guan highlighted the summit's focus on rejecting Cold War-era bloc politics while advancing initiatives like the Global Governance Initiative and SCO Development Bank – frameworks designed to foster equitable development across Eurasia.
Against the backdrop of WWII's 80th anniversary commemorations, leaders emphasized lessons of multilateral cooperation. The summit's final declaration called for 'dialogue over confrontation' and 'shared prosperity over zero-sum rivalry,' positioning the SCO as a counterweight to unilateral approaches in international affairs.
With 40% of the world's population represented among member states, the Tianjin outcomes signal growing momentum for alternative economic models. The proposed SCO Development Bank aims to finance infrastructure projects across emerging markets, potentially reshaping trade corridors from Central Asia to Southeast Asia.
