China-led SCO bloc looks to fast-track plan for new bank that would rival Western lenders
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Source: South China Morning Post
Published: 2026-05-29 23:00 UTC+10:00
Section: Central Asian
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Asia, Economy & Finance, China, World News, Business & Economy, Asia Pacific
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Snippet:
Member states seek more financial autonomy and localised credit by advancing an effort to fund regional growth using their national currencies, not the US dollar
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