MIL-OSI Russia: Vice Premier of the State Council of China calls on SCO member states to strengthen financial cooperation

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

BEIJING, June 3 (Xinhua) — Chinese Vice Premier Ding Xuexiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, on Tuesday called for strengthening financial cooperation among member states of the Shanghai Cooperation Organization (SCO) to give strong impetus to the development of countries in the region.

He made this statement during a collective meeting with foreign representatives present at the meeting of finance ministers and heads of central banks of SCO member states.

Ding Xuexiang said that Chinese President Xi Jinping put forward a series of important proposals and measures to build a more beautiful common home for the SCO at the SCO Plus meeting in Astana in 2024.

China is willing to seize the opportunity of its SCO presidency and work with other member states to prioritize development, strengthen financial cooperation, increase the share of settlements in their national currencies, promote the development of digital and inclusive finance, and actively work on the establishment of the SCO Development Bank, Ding Xuexiang said.

Speaking on behalf of the foreign guests, SCO Secretary General Nurlan Yermekbayev praised the work carried out by China as the country chairing the organization. He expressed readiness to work with the Chinese side, adhering to the “Shanghai Spirit”, to promote prosperity and development in the region. -0-

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