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国金地缘政治周观察:展望上合组织天津峰会
SINOLINK SECURITIES· 2025-08-24 13:55
Group 1: Geopolitical Context - The Shanghai Cooperation Organization (SCO) Tianjin Summit is the largest since the organization's inception, with over 20 foreign leaders attending, including Russia's President Putin and India's Prime Minister Modi[2] - The SCO has become a fundamental aspect of China's foreign diplomacy, especially as member countries face increasing pressure from the U.S., with tariffs exceeding 25% imposed on several SCO nations[2][3] Group 2: Economic Cooperation - In 2024, trade between China and SCO member countries reached $512.4 billion, accounting for approximately 8.3% of China's total foreign trade, indicating strong economic ties[19] - China is the largest trading partner for several SCO countries, including Russia and Kazakhstan, which are also key suppliers of energy resources, enhancing China's energy security[19] Group 3: Summit Agenda - The Tianjin Summit will focus on four main topics: internationalization of the Renminbi, cooperation in machinery manufacturing, resource product collaboration, and emerging industry partnerships[3][20] - The summit aims to strengthen the complementary relationship between resource supply and industrial demand, while also exploring new opportunities in digital economy and green development[20][21]