On July 4, the Xinhua Information Company, China’s state broadcaster, printed a transcription of President Xi Jinping’s speech on the Shanghai Cooperation Group (SCO) summit. The SCO is without doubt one of the largest regional organizations for political, financial and safety cooperation on this planet and was established by China and Russia in 2001.
Throughout his speech, President Xi welcomed Iran as a full member of the group and welcomed Belarus’ membership. He additionally mentioned the significance of central financial institution digital currencies (CBDCs):
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