The Shanghai Cooperation Organization (SCO) summit held in Tianjin marked a significant milestone, bringing together leaders from over 20 countries and heads of 10 international organizations. This gathering, the largest in the SCO’s history, emphasized collaborative strategies in global governance, economic integration, and sustainable development. During the “SCO Plus” meeting, China introduced the Global Governance Initiative, outlining five core principles: respect for sovereignty, adherence to international law, promotion of multilateralism, a people-centered approach, and action-oriented outcomes. With member states representing nearly half the world’s population and accounting for 25% of global GDP, the SCO is increasingly influential in shaping regional and global policy frameworks. On trade, China reported bilateral commerce with SCO nations reached approximately USD 512.4 billion in 2024, reflecting a 2.7% year-on-year growth. Infrastructure connectivity, digital economy expansion, and border economic zones are strengthening regional ties. In sustainability, China pledged to boost combined installed capacity of solar and wind power by 10 million kilowatts each within five years and announced the creation of three cooperation platforms in energy, green industry, and digital economy, alongside innovation and education centers. From its origins with six members to now including 26 participants, the SCO has evolved into the world’s largest regional organization by geographic reach and population, expanding its role beyond security into broader global governance.
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— News Original —《Global Press on Tianjin Summit Outcomes 》SFC Markets and Finance n nSFC Correspondent Shi Shi in Tianjin n nIt’s been seven years since China last hosted the Shanghai Cooperation Organization Summit — and this time, it’s the biggest one yet. Leaders from more than 20 countries and heads of 10 international organizations gathered in Tianjin to discuss new ways of working together on global governance and regional cooperation. So, what are the key takeaways from the summit? n nFirst, Global Governance. n nAt the “SCO Plus” meeting, China proposed the Global Governance Initiative with five principles: adhering to sovereign equality, abiding by international rule of law, practicing multilateralism, advocating the people-centered approach, and focusing on taking real actions. n nAmid a complex and shifting international landscape, the SCO—representing nearly half the world’s population and one-quarter of global GDP—not only reshapes regional governance but also plays an active role in reforming and improving global governance systems, which is crucial for global development. n nSecond, Economic and Trade Cooperation. n nFrom busy logistics corridors to dynamic border demonstration zones and a thriving digital economy, economic ties between China and other SCO member states are steadily deepening.According to China’s Ministry of Commerce, trade with SCO members reached about USD 512.4 billion in 2024, a 2.7% year-on-year increase.These encouraging figures are only the beginning. Guided by the “Shanghai Spirit”, SCO economic cooperation will continue to grow in depth and influence, injecting lasting stability into the global economy. n nThird, Sustainable Development. n nExpanded cooperation in green energy is creating new momentum for regional integration and sustainable growth. Looking ahead, China will establish three major platforms for China-SCO cooperation in energy, green industry, and the digital economy, and will set up three major cooperation centers for scientific and technological innovation, higher education, and vocational and technical education. China will work with fellow SCO countries to increase the installed capacity of and wind power by 10 million kilowatts each over the next five years. n nFrom the Huangpu River in Shanghai to the Haihe River in Tianjin, and from six founding members to 26 participants today, the SCO has grown into the world’s largest regional organization by area and population — and it’s now moving beyond border security to take on a bigger role in global governance. n nChief Producer: Zhao Haijian n nSupervising Producer: Shi Shi n nEditor: He Jia n nReporter: Shi Shi, Yang Yulai, Li Yinong n nVideo Editor: Li Qun, Hu Kaiwen n nPoster Designer: Lin Junming n nNew Media Coordination: Ding Qingyun, Zeng Tingfang, Lai Xi1, Huang Daxun n nOverseas Operations Supervising Producer: Huang Yanshu n nOverseas Content Coordinator: Huang Zihao n nOverseas Operations Editors: Zhuang Huan, Wu Wanjie, Long Lihua, Zheng Quanyi n nProduced by: Southern Finance Omnimedia Group