Shanghai Cooperation Organisation summit produced fruitful results: China's Wang Yi

Key Concepts:

• Shanghai Cooperation Organization (SCO)
• New World Order
• SCO Development Bank
• Multilateral Cooperation Platform
• Eurasian Region
• Infrastructure Development
• Socioeconomic Development
• China-SCO Cooperation Platforms (Energy, Green Industry, Digital Economy)
• Cooperation Centers (Scientific & Technological Innovation, Higher Education, Vocational & Technical Education)
• High-Quality Development Combo
• SCO Partner Status (merging observers and dialogue partners)
• Shanghai Spirit

SCO Summit Outcomes and Initiatives:

The Chinese Foreign Minister addressed the media to conclude the SCO summit, highlighting key achievements and future directions. China aims to position itself at the forefront of a changing world order through the SCO.

1. Establishment of SCO Development Bank:

• A political decision was made to establish the SCO Development Bank.
• The initiative, proposed by China over 10 years ago, has come to fruition.
• The bank will serve as a multilateral cooperation platform in the Eurasian region.
• It aims to boost infrastructure and socioeconomic development in SCO countries.

2. Six Platforms for Practical Cooperation:

• President Xi Jinping announced the establishment of three major platforms for China-SCO cooperation:
  • Energy
  • Green Industry
  • Digital Economy
• Three cooperation centers will also be established:
  • Scientific and Technological Innovation
  • Higher Education
  • Vocational and Technical Education
• These platforms and centers are open to all SCO countries and aim to provide new opportunities through China's development.

3. Six Action Plans on High-Quality Development:

• The summit issued statements on promoting:
  • Sustainable Energy Development
  • Green Industry
  • Digital Economy
  • Artificial Intelligence
  • Scientific and Technological Innovation
• Plus, the ongoing action plan on high-quality development of SCO-China economic and trade cooperation.
• These six action plans form a "high-quality development combo" featuring:
  • High Quality
  • New Quality Productive Forces
  • Trade and Investment
  • Industrial Chain Cooperation
• They aim to strengthen the SCO and empower the development of SCO countries.

4. Reform of the Organization:

• The summit decided to merge SCO observers and dialogue partners into one unified status of "SCO Partner."
• This aims to improve the operation of the SCO mechanism, facilitate cooperation, and increase efficiency.
• The goal is to make SCO countries feel more like "one big family."
• Laos was admitted as an SCO partner, bringing the total number of members to 27.

5. Diplomatic Relations Between Pakistan and Armenia:

• Pakistan and Armenia announced the establishment of official diplomatic relations during the summit.
• This was described as a demonstration of the "Shanghai Spirit."

China's Presidency and Contributions:

• Since assuming the rotating presidency, China has held over 200 activities, issued 92 outcome documents, and proposed 36 cooperation initiatives.
• The summit was described as "friendly, uniting, and results-oriented," leaving a "distinctive China mark."

Conclusion:

The SCO summit marked a new stage of high-quality development for the organization, featuring stronger unity, closer collaboration, greater vitality, and more effective actions. The initiatives and reforms undertaken aim to strengthen the SCO's role in the Eurasian region and promote socioeconomic development among its member states.