sco-summit:-member-states-to-set-up-development-bank;-will-push-efficiency-and-social-development

China has announced the Shanghai Cooperation Organisation (SCO) will establish a Development Bank, a move aimed at boosting regional efficiency and social development. Foreign Minister Wang Yi confirmed the decision, highlighting its significance for the entire EuroAsian region. The SCO also approved Laos as a new partner and will streamline its structure.