China News Agency, Beijing, March 3rd. India, the rotating presidency of the Shanghai Cooperation Organization (hereinafter referred to as the SCO), hosted the fifth SCO Finance Ministers and Central Bank Governors Meeting on the 3rd.
Relevant officials from the ministries of finance and central banks of the SCO member states attended the meeting.
The meeting focused on sustainable and inclusive development strategies and the use of digital technology to promote inclusive finance.
Chinese Finance Minister Liu Kun attended the meeting and delivered a speech via video.
Liu Kun pointed out that the 20th National Congress of the Communist Party of China proposed to comprehensively promote Chinese-style modernization, which will not only benefit China's own development, but also provide more opportunities for the world.
China is willing to work with SCO members to enhance mutual trust, build consensus, deepen practical cooperation, and jointly promote the green, sustainable and inclusive development of all members and the global economy.
Liu Kun said that in the past ten years, based on the new stage of development, China has implemented the innovation-driven development strategy in depth, focused on promoting urban-rural integration and coordinated regional development, promoted the harmonious coexistence between man and nature, adhered to the basic national policy of opening up, and practiced joint consultation and joint construction. The shared concept of global governance has promoted the realization of higher quality, more efficient, fairer and more sustainable economic and social development.
During this process, the Chinese government, through the implementation of a proactive fiscal policy, has focused on improving quality and efficiency, making it more sustainable, and promoting a stable, healthy and sustainable economic and social development.
Liu Kun emphasized that the establishment of the SCO Development Bank will play a positive role in promoting the common development of all countries and improving international economic governance.
The SCO member states should implement the consensus reached by the leaders as soon as possible, improve the working mechanism, and promote the progress of the establishment of the SCO Development Bank.
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