news

reference news network reported on october 29saudi arabia's "arab news" daily website published an article titled "as regionalism drives the rise of asia, global power shifts" on october 27. an excerpt from the article is as follows:

as the economic crisis in europe and the united states caused by the conflict between russia and ukraine continues to intensify, china and other countries are stepping up efforts to promote the economic and security integration process in asia. not only are the currently existing regional networks in eurasia and southeast asia consolidated, but their interconnections are also strengthened and expanded with the addition of new member states in the middle east.

the latest manifestation of asian regionalism is the cica summit held in astana, kazakhstan from october 12 to 13. the meeting decided that the organization will gradually transform into a comprehensive development of the asian economic and security cooperation organization.

on july 29, the x9015 china-europe freight train chang'an departed from xi'an international port station bound for kazakhstan (photo by zhang bowen).

compared with the conference on interaction and confidence-building measures in asia and the eurasian economic union, the shanghai cooperation organization has established its status as the most integrated intergovernmental organization in eurasia over the past 20 years. the total population of the sco member states accounts for more than 40% of the global population, and their gdp accounts for nearly 30% of the global gdp. there are also 6 countries in the middle east as dialogue partners. china plays a leading role in the sco and is involved in large-scale infrastructure development projects in member countries.

in addition to eurasia, china has also become an important participant in the regional comprehensive economic partnership agreement, the largest trading bloc in the asia-pacific region. the trading bloc accounts for one-third of global gross domestic product and nearly 30% of the world's population.

apec is a regional organization that includes china and the united states. its 19 members have a total population of more than 2.9 billion and account for more than 60% of the global gdp.

it can be seen that china has been deeply integrated into the regional economy of the asia-pacific region.

china has proposed the “one belt, one road” initiative and the “global development initiative”. the united states responded by launching the g7 "global infrastructure and investment partnership" plan in june this year. the future of the program is highly uncertain, given that g7 members face growing economic hardships compounded by the current global energy crisis.

china continues to expand its regional network across eurasia and the asia-pacific region. the hastily launched countermeasures by the united states pale in comparison to the broad economic impact of the belt and road initiative in asia, africa, south america and even parts of europe. contrary to u.s.-led initiatives, countries that participate in china-led regional integration processes often reap tangible economic gains.

in the middle east, eurasia is increasingly diversifying its economy, especially with the gulf states through cooperation with the sco and cica.

asia is indeed rising, driven by a new wave of economic regionalism. this is a historic shift in global power, from the long era of european dominance and the relatively recent "american century."