Economic Cooperation and Trade - The Shanghai Cooperation Organization (SCO) summit will be held in Tianjin from August 31 to September 1, 2025, focusing on economic cooperation as a key area [1] - In 2024, trade between China and other SCO member countries is expected to reach approximately $512.4 billion, marking a historical high and a 2.7% year-on-year increase [1][2] - China imported nearly $90 billion worth of energy products from SCO member countries last year, accounting for about 20% of its total imports [1] - Exports of electromechanical products from China to SCO member countries reached $210 billion, representing 63% of total exports [1] Investment and Industrial Cooperation - Investment cooperation among SCO member countries has been expanding, with China signing upgraded investment agreements with Russia, Kazakhstan, and Tajikistan, and a service trade and investment agreement with Belarus [2] - As of July 2025, China's total investment stock in other SCO member countries exceeded $84 billion, with cooperation expanding into emerging fields such as digital economy and green development [2][4] - Over 3,000 Chinese enterprises have been established in other SCO member countries, creating over 200,000 jobs annually [4] E-commerce and Digital Cooperation - The e-commerce sector is highlighted as a significant area of economic cooperation among SCO countries, with the online retail market size exceeding $3.2 trillion in 2024 [5] - Cross-border e-commerce imports from SCO member countries to China increased by 34% year-on-year [5] - Future initiatives will focus on enhancing e-commerce supply chain cooperation and establishing more direct sourcing bases in SCO countries [5] Multilateral Trade System - The multilateral trade system faces challenges, with some members imposing tariffs that violate WTO rules, impacting global trade [3] - China, as the rotating chair of the SCO, is advocating for the strengthening of the multilateral trade system and addressing global trade disruptions [3] - A commitment to reform the WTO to better protect member interests and adapt to modern development needs is emphasized [3]
5124亿美元!中国与上合组织其他成员国贸易规模创历史新高
Yang Shi Xin Wen·2025-08-28 00:37