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The role of the SCO countries in ensuring China’s energy security

Journal: RUDN Journal of Economics (Vol.29, No. 4)

Publication Date:

Authors : ; ;

Page : 653-663

Keywords : China; Russia; SCO; economic cooperation; economy; Central Asia; energy;

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Abstract

The growing dynamics of relationships amongst Central Asia, Russia and China, and other SCO member states in economic and energy corporations is analyzed. Since the formation of the SCO, there have been tremendous changes in the dispensation of both political and economic forces in the region. The actual terms of the cooperation and the functions of the numerous SCO member states have changed, thus increasing the significance of some member countries while relegating others to minor leading roles. The Central Asian region plays a leading role in the CSO organization itself as a geographical platform for its activities and as one of the world’s leading countries in the global context. First, this course applies to Russia and China. However, China’s recent record-breaking economic growth has affected relations and cooperation with both the SCO countries and Russia over the past decades. The long history of interaction between Russia and countries of Central Asia and the current economic policy pursued by Сhina in the region has a complex structure of intertwining with each other, making the situation of Russian-China’s relations paramount in the SCO. The booming economic growth of China leads to the transformation of the world economic space, where the other countries still occupy the leading positions. Foreign countries, fearing economic competition, announced a policy of containing China. The tension in the economic relations of the Central Asia countries and China is growing.

Last modified: 2022-01-26 20:54:54