Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 27 (Xinhua) — China's trade turnover with other member countries of the Shanghai Cooperation Organization (SCO) reached about 512.4 billion U.S. dollars in 2024, up 2.7 percent year on year, Chinese Vice Minister of Commerce Lin Ji said at a press conference on Wednesday.
Last year, China imported about $90 billion worth of crude oil, natural gas and coal from other SCO member countries, as well as $13.66 billion worth of agricultural products, he said.
As Lin Ji specified, in 2024, energy imports from other SCO member countries accounted for about one-fifth of China's total imports.
“Investment and industrial cooperation between China and other SCO member states has demonstrated sustainable development in recent years,” said Zhang Li, head of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce.
Zhang Li added that in recent years, Chinese enterprises have established more than 3,000 companies in other SCO countries, creating an average of more than 200,000 jobs per year.
The 2025 SCO summit will take place from August 31 to September 1 in the northern Chinese port city of Tianjin. The meeting will bring together leaders of more than 20 countries and heads of 10 international organizations to outline the SCO's development plan for the next decade.
In its 24 years of existence, the Shanghai Cooperation Organization, originally created to address security issues, has evolved into a comprehensive regional organization representing nearly half of the world's population. –0–
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