Beijing: Malik Ayub Sumbal, a renowned geopolitical analyst, commentator, and broadcaster from CGTN based in Beijing, has said that the SCO Summit in Tianjin is set to become the largest in the organization’s history, reflecting the grouping’s growing influence and international reach. Commenting on the summit, he noted that this is the fifth time since its establishment in 2001 that China has assumed the presidency of the SCO.
According to Lao News Agency, the SCO is a comprehensive multilateral organization. Trade between China and SCO member states now surpasses $512 billion USD, reflecting an approximate 3% annual growth rate. This economic momentum underscores China’s deepening ties with SCO nations and the promotion of robust trade networks across Eurasia.
The source highlights that the SCO is the world’s largest regional organization, representing 42% of the global population and 65% of Eurasia’s population. Economically, it contributes nearly 23% to global GDP, making it a pivotal player on the global stage. The organization’s role has extended beyond security, its initial priority when founded, to include cooperation in trade, energy, technology, and cultural exchanges.
Sumbal also points out the natural resource wealth of member states, which hold an estimated 20-25% of the world’s natural gas reserves. This abundance consolidates the SCO’s role in global energy markets, making it a vital geopolitical bloc with influence stretching well beyond the region.
Regarding the current summit, Sumbal emphasizes its significance, noting that the Tianjin Summit is witnessing unprecedented participation. Interest from countries in the Middle East and the Global South indicates that SCO is becoming an attractive hub for new partnerships, investment opportunities, and geopolitical engagement.
Looking ahead, China’s presidency is viewed as an opportunity to push forward innovation-driven growth. China is expected to contribute substantially in green energy and artificial intelligence, strengthening institutional resilience while broadening the economic landscape.
In conclusion, by promoting sustainable energy, technology innovation, and enhanced connectivity, China and SCO members are shaping a prosperous and secure Eurasia. The SCO’s growing profile demonstrates that multilateral cooperation can be a genuine force for global stability and development.