Core Points - The upcoming Shanghai Cooperation Organization (SCO) summit in Tianjin from August 31 to September 1, 2025, is expected to be the largest since the organization's inception, presenting significant opportunities for regional economic cooperation [1] - The summit will see member states sign the "Tianjin Declaration" and approve the "SCO Development Strategy for the Next 10 Years," outlining a new blueprint for future development [1] Trade and Economic Cooperation - Trade between China and other SCO member states reached a historical high, with an estimated trade volume of approximately $512.4 billion in 2024, marking a 2.7% increase year-on-year and doubling since the 2018 Qingdao summit [3] - In 2023, China imported nearly $90 billion worth of oil, natural gas, and coal from SCO members, and $13.66 billion in agricultural products, with energy imports accounting for about one-fifth of total imports [3] - China exported $210 billion in electromechanical products to SCO members, representing 63% of its total exports to these countries, contributing to their industrialization and economic transformation [3] Infrastructure and Connectivity - Key infrastructure projects such as the China-Central Asia Gas Pipeline and the China-Russia Oil and Gas Pipeline are operational, enhancing connectivity [3] - The China-Russia Tongjiang Railway Bridge and Heihe Highway Bridge have been completed, and the China-Kyrgyzstan-Uzbekistan Railway is under construction [3] - The China-Europe Railway Express has operated over 110,000 trains as of June 2023, ensuring stable supply chains in the region [3] Investment and Industry Cooperation - China has established over 3,000 enterprises in other SCO member states, creating over 200,000 jobs annually [1] - The Ministry of Commerce is promoting investment and industry cooperation through strategic alignment, environmental optimization, and project implementation [5] - More than 20 cooperation documents have been signed in key areas, including infrastructure, renewable energy, and green minerals, facilitating mutual investment [5] Multilateral Trade System - The SCO member states, including China, support a multilateral trade system centered around the World Trade Organization (WTO), emphasizing the importance of maintaining a rules-based trading environment [7] - The organization has reiterated its commitment to uphold and strengthen the multilateral trade system, addressing global trade challenges and supporting open, inclusive, and sustainable supply chains [7][8] - China aims to enhance communication and cooperation with other SCO members to promote WTO reforms and ensure the system's authority and effectiveness [8]

Group 1 - The core viewpoint of the news is the positive progress of the "China-SCO Economic Cooperation High-Quality Development Action Plan," which has seen 67 out of 84 tasks completed, with 4 tasks making significant progress and 13 tasks requiring long-term efforts [1] - The action plan, which spans from 2024 to 2025, targets not only SCO member states but also observer countries and dialogue partners, totaling 25 nations, focusing on seven key areas including trade, investment, and digital commerce [1] - Chinese enterprises have established over 3,000 companies in other SCO member countries, creating more than 200,000 jobs annually [1] Group 2 - The Ministry of Commerce is enhancing investment and industrial cooperation among SCO member states through strategic alignment, environmental optimization, and project implementation [2] - In April, under China's initiative, the 9th meeting of the SCO Investment Promotion Working Group and the China-SCO Sustainable Development Industry Cooperation Conference were held, focusing on infrastructure, new energy, and green minerals [2] - Over 20 cooperation documents in key areas have been signed to facilitate mutual investment among member states, with a specific agreement on green mineral investment cooperation signed with five Central Asian countries in June [2] Group 3 - Following the Tianjin summit, a delegation may be sent to Russia for the 24th SCO Economic Ministers' Meeting, focusing on implementing agreements reached at the Tianjin summit [3] - Future efforts will aim at integrating trade and investment development, deepening international supply chain cooperation, and enhancing regional economic cooperation frameworks [3] - The focus will also be on upgrading investment and trade agreements with more member states, observers, and dialogue partners, promoting coordinated development in goods, services, and digital trade [3]

Core Insights - The upcoming Shanghai Cooperation Organization (SCO) summit in Tianjin from August 31 to September 1, 2025, is expected to be the largest since the organization's inception, presenting significant opportunities for regional economic cooperation [1][3] - China has established over 3,000 enterprises in other SCO member countries, creating more than 200,000 jobs annually, indicating robust investment and industrial cooperation [1][3] Trade and Economic Cooperation - Trade between China and other SCO member countries reached a historical high, with an estimated trade volume of approximately $512.4 billion in 2024, reflecting a 2.7% year-on-year increase and doubling since the 2018 Qingdao summit [3][4] - China imported nearly $90 billion worth of oil, natural gas, and coal from SCO member countries last year, with energy products accounting for about one-fifth of total imports [3][4] Infrastructure and Connectivity - Significant infrastructure projects, such as the China-Central Asia Gas Pipeline and the China-Russia Oil and Gas Pipeline, are operational, enhancing regional connectivity [3][4] - The China-Europe Railway Express has operated over 110,000 trains as of June this year, ensuring stable supply chains across SCO member countries [3][4] Investment and Industry Cooperation - China is actively promoting investment and industrial cooperation with SCO member countries through strategic alignment, policy exchange, and project implementation [4][5] - Over 20 cooperation documents have been signed in key areas, including infrastructure and green minerals, facilitating mutual investment [4][5] Multilateral Trade System - The SCO members, including China, support the multilateral trade system, emphasizing the importance of the World Trade Organization (WTO) in global economic governance [6][7] - The organization has reiterated its commitment to maintaining and strengthening the multilateral trade system amid rising protectionism and unilateralism [6][7]