In 2024, trade between the Chinese mainland and member states of the Shanghai Cooperation Organization (SCO) soared to a record high, totaling $512.4 billion—a 2.7% jump from 2023, the Chinese Commerce Ministry reported on Wednesday.
For businesses, entrepreneurs and young professionals spanning G20 nations, this milestone underscores the SCO's growing role as a bridge for goods, services and ideas across Eurasia. Amid shifting supply chains and emerging market opportunities, the uptick signals resilient demand for machinery, energy and digital services.
Thought leaders and changemakers will note that this steady expansion highlights the diversity of regional partnerships, even as global headwinds persist. As cross-border logistics improve, travelers and digital nomads can look forward to smoother routes and new cultural exchanges, while sports and entertainment fans may enjoy better access to events across member states.
Looking ahead, markets will be watching whether this momentum continues—driven by deeper cooperation, tech innovation and policy support. For now, the 2024 figure cements a new chapter in relations between the Chinese mainland and the SCO, offering a data-driven snapshot of a trade network on the rise.
Reference(s):
cgtn.com
