All Things Policy Is the 'Shanghai Spirit' the New 'Washington Consensus'?
Sep 9, 2025
Manoj Kewalramani, Chairperson at the Indo-Pacific Studies program of the Takshashila Institution and a China relations expert, dives into the recent Shanghai Cooperation Organization Summit. He discusses the summit's impact on a new global order, emphasizing the burgeoning Russia-India-China trilateral. Kewalramani analyzes India's strategic role, critiques media narratives, and explores emerging financial dynamics, including de-dollarization and local currency trade. The complexities of geopolitical tensions and regional security challenges are also critically examined.
AI Snips
Chapters
Transcript
Episode notes
SCO's Shift From Optics To Institutions
- The SCO historically had narrative power but limited substantive institutions and impact.
- The Tianjin summit expanded SCO scope with new centers, plans, and partners, increasing its relevance.
New SCO Centers And Action Plans
- Leaders announced four security centers and multiple development action plans across energy, AI, and the digital economy.
- These additions broaden SCO activity beyond counterterrorism into economic and technological cooperation.
SCO Development Bank Advances
- A political agreement to establish an SCO development bank moved forward after long stalemate.
- The bank could offer non-dollar loans and create financing alternatives for Eurasian projects.