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Tianjin gears up for SCO Summit with citywide makeover

China

China

China

Tianjin gears up for SCO Summit with citywide makeover

2025-08-19 13:47 Last Updated At:14:07

As Tianjin gears up to host this autumn's Shanghai Cooperation Organization (SCO) Summit, the northern Chinese city is rolling out urban upgrades, rejuvenating landmarks and public spaces to showcase its vibrant energy and welcoming spirit.

Streets are now lined with flags showcasing SCO motifs, while cheerful flower baskets brighten both main roads and residential corners. Major landmarks, such as the Haihe River banks and the Wudadao historical urban area, have seen significant upgrades.

A new green sculpture themed human-nature harmony has become a popular photo spot at the Tianjin Cultural Center, attracting locals looking to relax or capture the city's rejuvenated charm.

The city has also prioritized infrastructure improvements, repairing roads and bridges crucial to both residents and summit guests. Landscape lighting along the river has been revitalized, and pocket parks have sprung up across neighborhoods, enriching community life with green, inviting spaces.

"Through this round of urban environment improvements, city roads have become safer and more efficient, with green spaces more vibrant and dynamic, and the overall cityscape cleaner and more orderly. These enhancements showcase Tianjin's modern urban character while preserving its unique cultural heritage and everyday charm. The city's appearance and spirit have seen significant upgrades, as Tianjin welcomes guests from around the world with its finest look and most graceful demeanor," said Jiao Yong, deputy director of the Tianjin Municipal Administration Commission.

Scheduled from August 31 to September 1, the SCO Tianjin summit will bring together leaders from over 20 countries and representatives of 10 international organizations for a series of high-level events.

Tianjin gears up for SCO Summit with citywide makeover

Tianjin gears up for SCO Summit with citywide makeover

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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