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Story summary
- President Xi Jinping proposed a development bank and an international energy cooperation platform at the SCO summit in Tianjin, China.
- He pledged $1.4 billion in loans and $280 million in grants to member states to counter U.S. influence.
- Russian President Putin endorsed Xi's vision for a global governance system favoring non-Western countries.
- Indian Prime Minister Modi emphasized improving relations with China during his first visit in seven years.
