China Hosts SCO Summit to Advance De-Dollarization Agenda

China has extended invitations to approximately 30 nations for the Shanghai Cooperation Organization summit in Tianjin, scheduled for August 2025. The gathering aims to establish trade policies reducing reliance on the US dollar, with particular focus on local currency alternatives and Gold reserves.

While participant details remain undisclosed, analysts anticipate attendance primarily from developing economies seeking monetary sovereignty. The Xi Jinping administration positions this as a pivotal moment for reshaping global financial architecture.

Recent SCO dialogues revealed China's proposal for a consensus-based digital trading platform, potentially accelerating de-dollarization efforts. Such infrastructure could challenge dollar hegemony more effectively than previous initiatives.