China's economic partnership with Shanghai Cooperation Organization (SCO) member states reached unprecedented levels in 2024, with bilateral trade hitting $890 billion – a 23% increase from 2023 figures. As current rotating chair of the SCO, the Chinese mainland has seen its investment stock in member countries surpass $140 billion, cementing its position as a key driver of regional economic integration.
The growth spans energy infrastructure, digital innovation, and agricultural technology sectors. Chinese Commerce Minister Wang Wentao noted: 'Our collaboration exemplifies the SCO's principle of mutual development. We're building digital corridors and green energy networks that benefit 3 billion people across Eurasia.'
Analysts highlight the synergy between SCO projects and China's Belt and Road Initiative, particularly in Central Asian transportation hubs. Kazakhstan emerged as the top investment destination, absorbing 34% of China's SCO-related capital flows.
