The post China urges SCO to deepen AI cooperation and warns against old rivalries appeared on BitcoinEthereumNews.com. Speaking Monday, Chinese President Xi Jinping encouraged the Shanghai Cooperation Organization (SCO) to advance partnerships in artificial intelligence and pushed back against what he termed a “Cold War mentality.” Although he did not mention the United States by name, Xi denounced “hegemonism,” “Cold War mentality,” and “bullying” as rhetoric he often deploys as a shorthand for American and allied influence in global affairs. He delivered his comments at the SCO’s largest-ever gathering that brought together over 20 foreign heads of state in Tianjin, including Russian President Vladimir Putin, India’s Prime Minister Narendra Modi, and Turkish President Recep Tayyip Erdoğan. China’s Xi pledged about $280 million in grants to the SCO nations During the summit, the Chinese leader sought to present China as an anchor of economic stability, announcing hundreds of millions of dollars in pledges for the bloc’s member states.  Xi promised the SCO countries 2 billion yuan, roughly about $280 million, in grants this year and pledged another 10 billion yuan ($1.4 billion) in loans through a regional banking consortium. He also pushed for the bloc to move quickly on creating a Development Bank. He declared, “We should leverage the strength of our mega-sized markets and economic complementarity between member states and improve trade and investment facilitation.”  The Chinese leader also announced that 10,000 students would benefit from their “Luban” program and described the SCO meeting as a platform to drive the next phase of high-quality cooperation. He also cast Beijing as the defender of a more balanced order, pushing for a more “equal and orderly multipolar world” underpinned by fairer global governance. Echoing him, Putin said the SCO should work toward a “new system” of security in Eurasia, one that would replace what he called outdated Western-led models with arrangements reflecting the interests of a broader set of… The post China urges SCO to deepen AI cooperation and warns against old rivalries appeared on BitcoinEthereumNews.com. Speaking Monday, Chinese President Xi Jinping encouraged the Shanghai Cooperation Organization (SCO) to advance partnerships in artificial intelligence and pushed back against what he termed a “Cold War mentality.” Although he did not mention the United States by name, Xi denounced “hegemonism,” “Cold War mentality,” and “bullying” as rhetoric he often deploys as a shorthand for American and allied influence in global affairs. He delivered his comments at the SCO’s largest-ever gathering that brought together over 20 foreign heads of state in Tianjin, including Russian President Vladimir Putin, India’s Prime Minister Narendra Modi, and Turkish President Recep Tayyip Erdoğan. China’s Xi pledged about $280 million in grants to the SCO nations During the summit, the Chinese leader sought to present China as an anchor of economic stability, announcing hundreds of millions of dollars in pledges for the bloc’s member states.  Xi promised the SCO countries 2 billion yuan, roughly about $280 million, in grants this year and pledged another 10 billion yuan ($1.4 billion) in loans through a regional banking consortium. He also pushed for the bloc to move quickly on creating a Development Bank. He declared, “We should leverage the strength of our mega-sized markets and economic complementarity between member states and improve trade and investment facilitation.”  The Chinese leader also announced that 10,000 students would benefit from their “Luban” program and described the SCO meeting as a platform to drive the next phase of high-quality cooperation. He also cast Beijing as the defender of a more balanced order, pushing for a more “equal and orderly multipolar world” underpinned by fairer global governance. Echoing him, Putin said the SCO should work toward a “new system” of security in Eurasia, one that would replace what he called outdated Western-led models with arrangements reflecting the interests of a broader set of…

China urges SCO to deepen AI cooperation and warns against old rivalries

Speaking Monday, Chinese President Xi Jinping encouraged the Shanghai Cooperation Organization (SCO) to advance partnerships in artificial intelligence and pushed back against what he termed a “Cold War mentality.” Although he did not mention the United States by name, Xi denounced “hegemonism,” “Cold War mentality,” and “bullying” as rhetoric he often deploys as a shorthand for American and allied influence in global affairs.

He delivered his comments at the SCO’s largest-ever gathering that brought together over 20 foreign heads of state in Tianjin, including Russian President Vladimir Putin, India’s Prime Minister Narendra Modi, and Turkish President Recep Tayyip Erdoğan.

China’s Xi pledged about $280 million in grants to the SCO nations

During the summit, the Chinese leader sought to present China as an anchor of economic stability, announcing hundreds of millions of dollars in pledges for the bloc’s member states. 

Xi promised the SCO countries 2 billion yuan, roughly about $280 million, in grants this year and pledged another 10 billion yuan ($1.4 billion) in loans through a regional banking consortium. He also pushed for the bloc to move quickly on creating a Development Bank. He declared, “We should leverage the strength of our mega-sized markets and economic complementarity between member states and improve trade and investment facilitation.” 

The Chinese leader also announced that 10,000 students would benefit from their “Luban” program and described the SCO meeting as a platform to drive the next phase of high-quality cooperation.

He also cast Beijing as the defender of a more balanced order, pushing for a more “equal and orderly multipolar world” underpinned by fairer global governance. Echoing him, Putin said the SCO should work toward a “new system” of security in Eurasia, one that would replace what he called outdated Western-led models with arrangements reflecting the interests of a broader set of nations.

After Xi’s remarks, Marko Papic, chief strategist for GeoMacro Strategy BCA Access, now believes China could improve its relationships across many countries through the summit.

Wang says China could take on the lead role in advocating for global peace

Henry Huiyao Wang, founder of the Beijing think tank Center for China and Globalization, said China had shown “initiative” in advancing both economic cooperation and peace. He cited efforts by China and India to restore ties and urged similar progress between India and Pakistan.

On CNBC’s The China Connection, Wang said Trump was trying to make peace, but added that China, too, could try to play that role. He suggested Beijing’s close relationship with Moscow could enable it to play a role in addressing the conflict with Ukraine and pointed out that the SCO, or its most advanced members like China and India, could act as security guarantors.

Just last week, Moscow launched its second-largest aerial assault on Ukraine. On Monday, Putin used his address at the SCO summit to repeat his narrative of the conflict, insisting it was not the result of Russian aggression but of a Western-backed coup in Kyiv. Putin commended Beijing and New Delhi for their attempts at mediation and characterized his “understanding” with Trump in Alaska as a step toward peace in Ukraine.

So far, China and Russia have maintained friendly relations. Chinese companies have acquired significant quantities of discounted Russian oil and sustained flows of crucial goods, some of them dual-use. However, Western governments claim that China’s involvement with Russia funds the country’s military production. Nonetheless, Beijing has dismissed the criticism, calling the exchanges “normal trade.” 

Trump, however, responded in the summer with threats of new tariffs on Chinese exports if the purchases continued.

KEY Difference Wire helps crypto brands break through and dominate headlines fast

Source: https://www.cryptopolitan.com/china-urges-sco-to-deepen-ai-cooperation/

Market Opportunity
Moonveil Logo
Moonveil Price(MORE)
$0.002204
$0.002204$0.002204
-5.36%
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

WOW Summit Partners with Hong Kong Sevens: Five Memorable Days of Web3, Sports, and Excitement!

WOW Summit Partners with Hong Kong Sevens: Five Memorable Days of Web3, Sports, and Excitement!

WOW Summit Hong Kong 2023 is a premium Web3-focused event and a part of the WOW global series.
Share
PANews2023/03/17 12:05
First Multi-Asset Crypto ETP Opens Door to Institutional Adoption

First Multi-Asset Crypto ETP Opens Door to Institutional Adoption

The post First Multi-Asset Crypto ETP Opens Door to Institutional Adoption appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) has officially approved the Grayscale Digital Large Cap Fund (GDLC) for trading on the stock exchange. The decision comes as the SEC also relaxes ETF listing standards. This approval provides easier access for traditional investors and signals a major regulatory shift, paving the way for institutional capital to flow into the crypto market. Grayscale Races to Launch the First Multi-Asset Crypto ETP According to Grayscale CEO Peter Mintzberg, the Grayscale Digital Large Cap Fund ($GDLC) and the Generic Listing Standards have just been approved for trading. Sponsored Sponsored Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL… — Peter Mintzberg (@PeterMintzberg) September 17, 2025 The Grayscale Digital Large Cap Fund (GDLC) is the first multi-asset crypto Exchange-Traded Product (ETP). It includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). As of September, the portfolio allocation was 72.23%, 12.17%, 5.62%, 4.03%, and 1% respectively. Grayscale Digital Large Cap Fund (GDLC) Portfolio Allocation. Source: Grayscale Grayscale Investments launched GDLC in 2018. The fund’s primary goal is to expose investors to the most significant digital assets in the market without requiring them to buy, store, or secure the coins directly. In July, the SEC delayed its decision to convert GDLC from an OTC fund into an exchange-listed ETP on NYSE Arca, citing further review. However, the latest developments raise investors’ hopes that a multi-asset crypto ETP from Grayscale will soon become a reality. Approval under the Generic Listing Standards will help “streamline the process,” opening the door for more crypto ETPs. Ethereum, Solana, XRP, and ADA investors are the most…
Share
BitcoinEthereumNews2025/09/18 13:31
Two Prime selected to manage $250 million in bitcoin for Digital Wealth Partners

Two Prime selected to manage $250 million in bitcoin for Digital Wealth Partners

The institutional bitcoin manager expands its mandate as demand for professional risk-managed digital asset strategies grows.
Share
Coinstats2026/01/16 18:00