China, which hosted this year’s Shanghai Cooperation Organisation (SCO) summit and is one of its founding members, has announced a series of new initiatives aimed to benefit all SCO member states. In a statement released on Monday by the Ministry of Foreign Affairs of China, details were shared regarding President Xi Jinping’s address at the 25th Meeting of the Council of Heads of State of the Shanghai Cooperation Organisation.
Chinese President XI Jinping emphasised that China has always focused on taking real actions to ensure better development of the SCO. And moving forward in this direction, China plans to implement 100 “small and beautiful” livelihood projects in member states with such need.
What Are The Initiatives?
China will provide RMB 2 billion yuan in grant to SCO member states within this year, and will issue an additional RMB 10 billion yuan in loan to the member banks of the SCO Interbank Consortium over the next three years.
Moreover, starting from next year, China will double the current number of SCO-specific scholarships, and launch an SCO innovative PhD program to jointly train high-caliber talent in academic as well as scientific and technological research.
In the next five years, China will establish 10 Luban Workshops in SCO member states and provide 10,000 human resources training opportunities.
While asserting the organisation’s commitment to promote the sound and sustained development, Jinping quoted a Chinese saying: “where will prevails, no boundary holds.”
“Let us stay true to SCO’s founding mission, step up to undertake our duties, promote the sound and sustained development of the SCO with greater resolve and more practical measures, and march steadily toward a brighter tomorrow of a community with a shared future for humanity,” Jinping said.
Chinese Ambassador to India Xu Feihong also shared details about the initiatives announced by China for SCO member states on his X handle.
Going forward, China plans to implement 100 “small and beautiful” livelihood projects in member states with such need.
— Xu Feihong (@China_Amb_India) September 1, 2025
It will provide RMB 2 billion yuan in grant to SCO member states within this year, and will issue an additional RMB 10 billion yuan in loan to the member banks… pic.twitter.com/tiEU0W8EKa
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