Does anyone know a way to make a map showing these countries?, the class of 2022 is looking great. If this was a game of Risk, I’d say they are favorite now.
Reuters didn’t mention the SCO Bank or the Fund, which I think are key to widespread adoption..Not exactly to the level I was hoping, but it is what it is. Let's see how much sooner they can move to local currencies
Outside of this, Bangladesh is allowing overseas payment in CNY and hopefully with greater adoption of CIPS.
This would be it. Aside from being just a central link in transportation to Europe through Caspian sea. They have a lot of the minerals that China needs. This along with Russia and Afghanistan could provide China with the iron, copper and natural gas it needs in the event of a decoupling with the West. Also, with China's growing need for nuclear energy, it's not a bad idea to have the largest source of Uranium next to its borders.Kazakhstan also possesses large amounts of mineral wealth, which are largely undeveloped. The country possesses 30% of the world’s chrome ore reserves, 25% of manganese ore, 10% of iron ore, 5.5% of copper, 10% of lead and 13% of zinc, making the country a vital source of component minerals used in hi-tech metallurgy. Kazakhstan also houses 40% of the world’s uranium, an important resource as emerging countries are looking to nuclear power plants to deliver energy.
I'd be very surprised if Xi and Modi didn't meet. There would be no point in India agreeing to nearly all Chinese points 2 days before the SCO summit if he was to then give Xi a cold shoulder. There is every reason for them not to publicise it, as soon a picture of Modi and Xi shaking hands is published the someone will be calling the Indians to complain.This photo was from 2018 G20 in Argentina
Modi was the only leader Xi didn't meet 1on1 during his overseas trip. It's odd that Indian media have been mentioning this potential meeting for a while, even yesterday, most likely Xi rejected Modi, like what happened with the pope.
hmm, I think I saw somewhere the creation of a joint SCO security force or something like that where China will be training/helping Central Asian countries. Can't find it now.
Analysis of the China/Uzebekistan visit
CKU is obviously the big project ongoing here. Allowing direct path to Afghanistan. But again, China talked about defending security interest of the region. Looks like China is filling the Russian vacuum here.
The other interesting news is Turkey looking to join SCO. Turkey is an important part of China's Silk Road to Europe. It has been locked out of the F-35 project. Who knows, maybe they sense that they need to hedge their bets here.
More good news on the China/South Korea relationship front. I think the recent IRA really pissed off the Koreans and they are coming back to doing more trades with China.