Ever wondered how a coalition covering a quarter of the world’s GDP stays united when protectionism is on the rise? 🌍 The Shanghai Cooperation Organization (SCO) has been flexing its muscles for 24 years, standing tall against global headwinds.
At the 25th SCO Summit in Tianjin, Xi Jinping highlighted the group’s early push for 'global governance with extensive consultation and joint contribution for shared benefit'—what insiders call 'true multilateralism.' Think of it like a big group chat where everyone's voice counts before a decision is made. 🤝
What started as a security alliance has evolved into a powerhouse bridging regional security, trade, and diplomacy. Today, the SCO represents around 25% of global GDP—meaning 1 in every 4 dollars of economic activity happens within its circle. 🔥
China’s role is massive, with over $84 billion in investment stock and more than $500 billion in annual trade with fellow SCO members. Chinese companies have set up 3,000+ enterprises, creating roughly 200,000 jobs each year. That’s like launching a new mini-tech hub every single day! 🚀
This year, Xi pledged 2 billion yuan (~$281 million) in grants and an extra 10 billion yuan (~$1.4 billion) in loans to fuel joint projects—from green energy in Central Asia to digital trade lanes in South Asia. It’s pragmatic support that translates big ideas into real-world impact. 💡
In a fast-paced world where genuine teamwork is rare, the SCO’s blend of trust, respect, and practical action is a masterclass in multilateralism. For young professionals in Bangalore, Jakarta, or Ho Chi Minh City, it’s a reminder that global teamwork can open doors—whether it’s cross-border internships, tech partnerships, or sustainable development projects. 🌱
Reference(s):
cgtn.com
