Shanghai Cooperation Organisation (SCO) and Global South strategic cooperation

ACuriousPLAFan said:

The continent of Africa has a median age of 19.7 years old, which is the youngest worldwide.

Which means, the African continent (and the African Union as a whole) is packed full of manpower, energy and potential to become a powerful bloc on the world stage in the future.

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ZeEa5KPul said:

Packed full of manpower, energy, and potential, huh? What's the literacy rate, level of education, STEM graduates as a percentage of population, political stability, infrastructure investment, etc.?

This is the same "demographic dividend" drivel I see Indians spout, but at least they have the excuse of formally being a country. I see the African continent packed full of famines, humanitarian disasters, and 19.7 year-old cannon fodder for civil wars.

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ACuriousPLAFan said:

One important thing that I do appreciate about Africans in general is that they tend to have more pragmatic and realistic views on the present conditions which they are facing, and less about having sense of hubris and chest-beating like many in India do.

That's among the reasons many African nations joined the Belt-&-Road Initiative but India chose not to.
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ZeEa5KPul said:

First, LOL at Ukraine signing a BRI MoU. They really like to eat at every table, don't they.

I wish Africa the best and hope it develops and raises its people's standard of living. However, I see a lot of naivety in what you did by drawing a circle around an arbitrary collection of people, calculating the population and average age, and then proclaiming that this group has a lot of potential. That ignores the vast ethnic, cultural, religious, linguistic, national, and political differences between Africans (which holds for India as well, despite the fact that it's formally a country) and most importantly, it ignores the central role of Chinese governance in China's growth. If China had not developed its uniquely capable system of government over millennia, it would have had no hope of accomplishing what it accomplished.

It's noteworthy that the only populations outside the West that managed to industrialize are those in the Sinic cultural sphere.

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ZeEa5KPul said:

Packed full of manpower, energy, and potential, huh? What's the literacy rate, level of education, STEM graduates as a percentage of population, political stability, infrastructure investment, etc.?

This is the same "demographic dividend" drivel I see Indians spout, but at least they have the excuse of formally being a country. I see the African continent packed full of famines, humanitarian disasters, and 19.7 year-old cannon fodder for civil wars.

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In the first three quarters, the ABC conducted about 800 billion yuan of cross-border yuan settlements for the trading and direct investment sectors, up 15 percent year-on-year. Among the total, 130 billion yuan in settlement services was for customers in the RCEP, up 27 percent, Zhang said.

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tphuang said:

It's always interesting for me to see how eager Russia is in using Yuan in their trading. This time, with Brazil.

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If Russia forces more countries to pay them in Yuan for energy and other resources, Yuan will continue to climb in its importance (at least for trading resources/energy).

last month, Yuan became the most traded currency on Russian exchange. So for Russian, CNH is already their reserve currency. Now, China just needs to push this across more countries.

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but for Yuan to play a bigger role, they need to open up their bond market and financial market more and lift some restrictions on Yuan

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The biggest difference is in RCEP countries

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