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What is the SCO and why is it important now?
The Shanghai Cooperation Organization (SCO) was founded in 2001 as a security alliance. Recently, it has expanded to include economic and political issues, positioning itself as an alternative to Western-led institutions. The recent summit signals its growing influence in shaping a multipolar world order.
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How are China and Russia challenging existing global systems?
At the summit, China and Russia proposed new initiatives like a development bank and global governance reforms. These efforts aim to reduce reliance on US-led institutions and promote sovereignty and multilateralism, challenging Western dominance in international affairs.
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What are the risks of a new global order led by China and Russia?
A shift towards a multipolar world could lead to increased regional tensions and instability. It may also undermine existing international norms and institutions, creating uncertainty in global markets and security arrangements.
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What opportunities does this new alliance create?
The emerging alliances could foster greater regional cooperation, economic development, and resilience against external sanctions. They also offer alternative platforms for countries seeking to diversify their international partnerships.
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How are regional security and economic ties changing worldwide?
Countries are increasingly forming regional blocs and security pacts outside traditional Western influence. This trend reflects a desire for greater sovereignty and resilience, especially amid rising US sanctions and trade tensions.
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Why is the timing of the summit significant?
The summit coincided with the 80th anniversary of WWII's end, symbolizing a shift away from Western dominance and towards a new, multipolar world order. This timing underscores the strategic importance of the summit's messages.