SCO Green Industry Cooperation Platform Inaugurated in Tianjin

The China-Shanghai Cooperation Organization (SCO) Green Industry Cooperation Platform was inaugurated in north China's Tianjin on Tuesday, marking a new step in advancing sustainable development among SCO member states.

The platform is designed to serve multiple functions, including deepening dialogue and exchanges, promoting practical cooperation projects, and enhancing alignment of green standards.

It will also foster the integration of green industry supply chains, facilitate the implementation of major cooperation projects, and promote joint research and application of advanced green technologies.

At the unveiling ceremony, the 2025 report on green industry development and cooperation among SCO countries was released, alongside the signing of key cooperation projects.

Currently, green industries are increasingly becoming an important driving force for economic transformation and sustainable growth across SCO member states.

Chinese energy officials stated that the country will continue to collaborate with other SCO members to jointly promote a new pattern of green, high-quality, and sustainable development within the SCO.

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.