At this year’s St. Petersburg International Economic Forum, the spotlight was on the burgeoning cooperation between China and Russia, signaling a transformative shift in the global economic landscape. The two nations are deepening ties in critical areas such as the Northern Sea Route, urban development, and agriculture, aiming to drive growth not only regionally but also globally.
In an exclusive interview with CGTN’s Aaron Liu, Alexey Chekunkov, Russian Minister for the Development of the Russian Far East and Arctic, discussed how the partnership between China and Russia is poised to bring profound changes. “Our cooperation on the Northern Sea Route opens up new opportunities for international trade, reducing transit times between Asia and Europe,” Chekunkov emphasized.
The forum also highlighted the increasing influence of emerging markets on the global stage. Economic and trade cooperation among these countries has become a focal point for discussion. Aaron Liu sat down with Ben Joubert, Director of the South African Department of International Relations and Cooperation, and Hala Helmy Elsaid, Egypt’s Minister of Planning and Economic Development, to delve into the scale of trade and investment among emerging markets.
Elsaid noted, “The collaboration among emerging economies is essential for sustainable development. By leveraging each other’s strengths, we can create a more balanced and resilient global economy.”
Joubert added, “There’s immense potential for multifaceted cooperation. From technology exchange to infrastructure development, emerging markets are redefining traditional economic alliances.”
As these nations forge stronger partnerships, they are collectively shaping a new era of global economic dynamics. The emphasis on mutual growth and shared opportunities underscores the pivotal role of emerging markets in driving future prosperity.
Reference(s):
cgtn.com
