Mon Sep 01 03:52:45 UTC 2025: Okay, here’s a news article summarizing the given text, focusing on the key details:

**Headline: Modi Attends SCO Summit in Tianjin; Xi Calls for Development Bank**

**Tianjin, China – September 1, 2025:** Prime Minister Narendra Modi joined leaders from across the Shanghai Cooperation Organisation (SCO) in Tianjin, China, on Monday for the 25th annual summit. The meeting, formally launched Sunday evening with a banquet hosted by Chinese President Xi Jinping, brought together leaders to discuss the future direction of the bloc amidst a complex global landscape.

This year’s summit is the largest to date, with China, as the current SCO President, inviting 20 foreign leaders and 10 heads of international organizations, including U.N. Secretary-General Antonio Guterres, to the associated “SCO Plus” summit.

President Xi Jinping, in his keynote address, emphasized the importance of strategic communication and mutual respect among SCO member nations, acknowledging the “fluid and chaotic world situation.” He further proposed the establishment of an “SCO development bank” to enhance economic cooperation within the organization. To support this initiative, Xi pledged a 2 billion yuan grant to member countries this year, followed by an additional 10 billion yuan in loans to member banks of the SCO Interbank Consortium over the next three years.

The day-long deliberation saw leaders, including Prime Minister Modi and Russian President Vladimir Putin, outlining their individual visions for the future of the SCO. The summit is expected to address key regional and international issues, focusing on security, economic development, and cooperation amongst member states.

Read More