Asia
China-Central Asia Summit: “Beijing involved in a security issue for the first time”
The China-Central Asia Summit convened on May 18-19 in Xi’an, the capital of China’s Shaanxi province. The summit, chaired by Chinese President Xi Jinping, was attended by Kassym-Jomart Tokayev of Kazakhstan, Sadyr Japarov of Kyrgyzstan, Emomali Rahmon of Tajikistan, Shavkat Mirziyoyev of Uzbekistan and Serdar Berdimuhamedow of Turkmenistan.
This was the first face-to-face summit between China and the leaders of the five Central Asian countries since the establishment of diplomatic relations 31 years ago. It was agreed to hold the summit on a rotating basis, with the next summit to be held in Kazakhstan in 2025. The leaders also agreed to establish a permanent secretariat of this mechanism in China.
“We’ll resolutely withstand foreign powers staging color revolutions”
“The sovereignty, security, independence and territorial integrity of Central Asian countries should be safeguarded, the development path independently chosen by the Central Asian people should be respected, and the Central Asian region’s efforts for peace, harmony and tranquility should be supported,” Xi Jinping said at the opening of the second day of the Summit, which began with a grand opening ceremony on the first day.
Xi also called for joint efforts to enhance strategic trust and strengthen security ties between China and Central Asia, saying, “We’ll resolutely withstand foreign powers interfering in the internal affairs of regional countries and staging ‘color revolutions’, have zero tolerance for the three forces (terrorism, separatism and religious extremism), and work to solve the regional security dilemma.”
Xi said China is willing to help Central Asian countries strengthen their law enforcement security and defense capabilities “to independently maintain regional security,” adding that China will support the “peaceful reconstruction” of Afghanistan.
Declared goal: Expand trade and economic cooperation
According to state news agency Xinhua, Xi pledged to expand trade and economic cooperation with Central Asia and said Beijing would deepen connectivity in the region and expand energy cooperation, among other things.
Central Asia, “with its unique geographical advantage, can become an important interconnection hub in Asia and Europe,” Xi said, adding that he hopes to accelerate the construction of the China-Central Asia gas pipeline as well as the Line D gas pipeline (which will run from the border with Turkmenistan through the territory of Uzbekistan, Tajikistan and Kyrgyzstan) and expand the scale of oil and gas trade with the region.
The construction of the China-Europe Railway will be accelerated and Chinese enterprises will be encouraged to build overseas warehouses in Central Asian countries.
Cross-border transportation and logistics network between China and Central Asian countries will be improved, and joint work and projects in the context of high-tech and green development will be developed.
“We need to strengthen dialogue among civilizations,” Xi said, inviting Central Asian countries to join the “Cultural Silk Road” program. Xi noted that they will establish more traditional medicine centers and cultural centers in Central Asia, increase student exchange programs and interaction between universities.
Xi also announced that China will provide 26 billion yuan (USD 3.7 billion) in financial support to help Central Asian countries develop.
This year also marks the 10th anniversary of the “Silk Road Economic Belt” initiative proposed by Xi during his visit to Kazakhstan in 2013. In the decade since Xi launched the Belt and Road Initiative, trade between China and the five Central Asian countries has grown rapidly. Last year, it reached USD 70.2 billion, up 40 percent.
Beijing sees Central Asia as a critical frontier for expanding its trade and energy security. The region is also seen as crucial for stabilizing Xinjiang, where the Uyghurs are one of the most contentious issues between China and the West.
Three topics stood out: trade, security and cultural integration
We discussed the China-Central Asia Summit, its outcomes and future plans with Assoc. Professor Nurbek Isabay, Dean of the Faculty of Law at Astana International University.

“A great new page has opened for the Central Asian countries,” Dr. Isabay said, recalling that the United States also established such an initiative with the Central Asian countries in 2015, called C5+1, but underlined that this new format with China is very important for the Central Asian countries.
Isabay stated that Xi Jinping emphasized 3 important points in his speech today: development of trade corridors, security cooperation and cultural integration:
“The first point is very important for China. Before the war in Ukraine, there was the Trans-Siberian Railway through Russia. There is also the Central Corridor from Beijing to Europe through Kazakhstan and the Southern Corridor from China to the Caspian Sea and Turkey and then to Europe. A branch of this goes through Uzbekistan and Iran to Turkey and then to Europe.
There is also maritime trade through the Strait of Malacca, but since the US is trying to establish dominance there via Singapore, China is keen to diversify its trade routes without getting stuck in Malacca. The Trans-Siberian corridor, which was busy before the Russia-Ukraine war, is in trouble because of the war. Therefore, China is trying to mobilize the Southern Corridor through Central Asia.”
He said that the summit agreed to build a railway from China to Kyrgyzstan and Uzbekistan, and agreed with Kazakhstan to develop that infrastructure through the port of Kuryk and the Caspian Sea. According to Dr. Isabay, important agreements were reached on the development of trade corridors, and this is part of the strategy to revitalize the Southern Corridor.
Nurbek Isabay noted that in 2015, China set a target to increase trade volume with Central Asia to USD 70 billion by 2030, and last year the target was achieved, and emphasized that this data shows how dynamically the trade volume is progressing.
“China is filling the area left by Russia”
“The second important issue is security and defense. Xi Jinping emphasized that the sovereignty, independence and internal affairs of Central Asian countries should not be interfered with. There was a message of joint struggle against terrorism. He emphasized that China opposes color revolutions in Central Asian countries. I think Xi Jinping sent a message to both sides here. Both to Russia and to the West. In December last year, former Russian PM Medvedev made a statement claiming Kazakhstan and other Central Asian countries on behalf of Russia. Putin also made a speech in 2015 claiming that Kazakhstan has no state traditions. Russian MP Fyodorov has also previously made a speech claiming that northern Kazakhstan is Russian territory. Therefore, the emphasis in Xi Jinping’s speech on not allowing color revolutions and protecting territorial integrity sends a message to Russia, as well as a message to the US and the West. This is how the speech was interpreted in Kazakhstan public opinion,” he said.
Isabay emphasized that China will provide 26 billion yuan (USD 3.7 billion) to Central Asian countries for security and defense, and noted that Beijing has not been involved in the field of security outside of trade before, but it has been involved in this field in Central Asia, noting that this is a first. Stating that Russia’s influence in Central Asia has weakened with the war in Ukraine, Isabay commented that China is filling this gap in order to prevent color revolutions that may be attempted by the West. “China has been focusing on trade and cultural exchanges, which are its traditional methods in foreign policy, but for the first time, it has made its position on security and defense very clear,” he said.
“China was culturally alien to Central Asia, this gap is being closed”
“The third issue is cultural cooperation and integration. You know that one of China’s weakest points is the Uighur region. Kazakhs also live there. Officially, nearly 1 million 300 thousand Kazakhs live there. There are also Kyrgyz and Uzbeks in that region. Until now, culturally, China was alien to the Central Asian countries in terms of language, culture and lifestyle. However, in recent years, especially in the last 5 years, China has started to attach great importance to the Central Asian countries in the field of culture. Scholarship programs were opened in Chinese universities. At this Summit, student exchange programs were developed with agreements. Agreements were signed between Kazakhstan’s largest university and several Chinese universities,” Isabay said.
“Confucius institutes became influential in Central Asia,” he added, “scholarships were provided to students and researchers. As far as I know, there are nearly 70 Confucius institutes in Central Asia. There was also an agreement to increase the number of these institutes. Decisions were taken at the state level to intensify cultural integration. In other words, China was a cultural outsider in Central Asia, it was not recognized. Now it wants to close this gap.”
“Mechanism could be expanded with Türkiye”
According to Isabay, this mechanism may expand with other countries in the coming period. Pointing to Turkey in particular, “Developing the Southern Corridor is not possible without Türkiye. Xi Jinping said that this format will expand with other countries later on. Therefore, Türkiye is important here,” Isabay said. He also said that Azerbaijan, Georgia and Iran could also be included in this format.
Isabay noted that China’s growing influence in Central Asia is being discussed from Russia’s point of view, and said that official statements from the Russian Duma have come from Russia that they look favorably on this summit. “Even if Russia is uncomfortable, it will not openly express this discomfort in official terms due to its negative relations with the West,” he added.
Asia
China launches patrols east of Taiwan after Japan and Philippines open maritime boundary talks
Beijing said it had conducted law enforcement patrols in waters east of Taiwan in response to a decision by Japan and the Philippines to launch talks on maritime boundary delimitation.
According to a statement from the China Coast Guard, a flotilla led by the vessel Daishan carried out law enforcement patrols “in accordance with the law” on Monday.
China Coast Guard spokesperson Jiang Lue said the operation was “a necessary action” in response to Japan and the Philippines “unilaterally announcing the start of negotiations on maritime delimitation in waters east of China’s Taiwan Island.”
“Such an announcement seriously infringes upon China’s territorial sovereignty and its maritime rights and interests,” Jiang said.
“We urge Japan and the Philippines to immediately cease all illegal actions that violate China’s sovereignty and rights,” he added.
Jiang also said the coast guard would continue strengthening its control and management of the relevant waters and that China would take concrete measures to “resolutely safeguard territorial sovereignty and maritime rights and interests.”
The United States and most of its allies, including Japan and the Philippines, do not recognize Taiwan as an independent state and acknowledge it as part of China. The United Nations has also adopted resolutions reflecting this position. However, Washington continues to provide arms to Taiwan as part of its broader efforts to counter China and encourages its allies to do the same.
Following a summit in Tokyo between Japanese Prime Minister Sanae Takaichi and Philippine President Ferdinand Marcos Jr., the two countries said in a joint statement issued on Thursday that they had agreed to begin “formal negotiations” to delimit their exclusive economic zones (EEZs) and continental shelves.
Beijing condemned the planned talks as “completely illegal and invalid” and swiftly lodged formal diplomatic protests with both Tokyo and Manila.
Chinese Foreign Ministry spokesperson Mao Ning said on Friday: “The so-called delimitation negotiations are entirely illegal, invalid and void. They will have no impact whatsoever on China’s claims or on China’s exercise of its legitimate rights in the area east of Taiwan Island.”
The latest escalation comes at a time when relations between Beijing and both Tokyo and Manila are already strained. Japan and the Philippines are treaty allies of the United States, while China remains engaged in separate territorial disputes with Japan in the East China Sea and with the Philippines in the South China Sea.
As US attention and resources have increasingly shifted toward the war involving Iran, and as the White House has made the Western Hemisphere a strategic priority, Japan and the Philippines have stepped up diplomatic engagement in the region commonly referred to as the Indo-Pacific.
That effort has included building closer security and defence ties with other countries, prompting Beijing to accuse them of encouraging bloc confrontation in the region.
Japan and the Philippines do not share a maritime boundary. However, their seabed claims could overlap because both countries seek to extend their legal continental shelves beyond 200 nautical miles, equivalent to 370 kilometres or 230 miles.
The overlapping area lies east of Taiwan, southwest of Japan’s Ryukyu Islands and north of the Philippines’ Batanes Islands.
Yang Xiao, a researcher at the Chinese Academy of Social Sciences, China’s highest-ranking state-affiliated think tank, said Taiwan’s EEZ and continental shelf are part of the area under discussion.
“These are China’s rights and are not something that the two sides can negotiate among themselves,” Yang said.
In an interview published on Sunday by Yuyuan Tantian, a social media account affiliated with state broadcaster CCTV, before the China Coast Guard announced the patrols, Yang said Beijing would take “historic and unprecedented” countermeasures against Tokyo and Manila.
“Since they are negotiating in a three-party overlapping zone, we can also take further steps to advance our jurisdiction in the waters east of Taiwan,” Yang said.
“If the other side insists on reckless and destructive actions, we will inevitably introduce new countermeasures.”
Yang described the waters east of Taiwan as a vital maritime area for the island’s economic activities.
“If these waters are divided between Japan and the Philippines, that would clearly harm the interests of the people living on Taiwan Island,” he added.
Asia
SoftBank overtakes Toyota to become Japan’s most valuable company
As artificial intelligence reshapes industrial structures in Japan and South Korea, stock market rankings are being redrawn. SoftBank Group has overtaken Toyota Motor to become Japan’s most valuable listed company.
SoftBank shares have surged as the global artificial intelligence rally gathers momentum, lifting the technology conglomerate’s market capitalisation above that of Toyota for the first time in more than two decades.
The shift reflects a broader reordering of Japan’s equity market. Automakers, alongside banks, steelmakers, energy companies and other traditional heavy industries, are losing ground to chipmakers and companies linked to artificial intelligence.
SoftBank shares jumped 14% on Monday, reaching a new record high. The company’s market value climbed to 48 trillion yen, or $301 billion, making it the most valuable company listed on the Tokyo Stock Exchange.
Toyota had long held the top position, with a market capitalisation of approximately 45 trillion yen. The last time SoftBank surpassed Toyota was in March 2000, at the peak of the dot-com bubble.
SoftBank’s rapid rise has been driven by strong earnings performance and its substantial investment in ChatGPT developer OpenAI.
The Japanese company reported net profit of 1.82 trillion yen, or $11.4 billion, for the first three months of 2026, 3.5 times higher than in the same period a year earlier. The group is also increasing its investment in OpenAI, completing a $10 billion investment in April and committing to invest an additional $20 billion later this year. Total investment is expected to reach roughly $65 billion.
According to The Wall Street Journal, OpenAI plans to file for an initial public offering and aims to list in the United States as early as September. Some media reports suggest the company could seek to raise $60 billion through the offering, potentially valuing it at more than $1 trillion. Such a transaction could become the largest initial public offering in history.
Investors expect the IPO to significantly boost SoftBank’s investment gains. Those expectations have helped drive the technology group’s share price higher. SoftBank shares have risen about 127% since early April.
The company is also planning to invest up to 14 trillion yen in the construction of data centres in France.
Asia
China and Serbia agree to expand cooperation in emerging sectors
Chinese President Xi Jinping met Serbian President Aleksandar Vucic in Beijing, where the two leaders discussed bilateral ties and oversaw the signing of multiple cooperation agreements. Xi also awarded Vucic the Friendship Medal of the People’s Republic of China.
The meeting between Xi Jinping and Aleksandar Vucic began with an official welcoming ceremony at the Great Hall of the People in Beijing.
The two leaders then proceeded to formal talks. Xi said China and Serbia had achieved “positive results” since jointly launching the construction of a “China-Serbia community with a shared future in the new era” in 2024.
Xi said the partnership had not only benefited the two peoples but had also set an example for international relations.
The Chinese president described relations between China and Serbia as an “iron friendship” based on deep historical ties and mutual trust.
Calling on both sides to strengthen exchanges, deepen practical cooperation and continue supporting each other on issues concerning their core interests, Xi also said the two countries should align their development strategies and advance cooperation under the Belt and Road Initiative. In this context, he pointed to transport, energy and infrastructure projects.
Xi also called for expanding cooperation in emerging sectors such as artificial intelligence, the digital economy, green energy and advanced manufacturing.
Aleksandar Vucic congratulated China on the start of implementation of its 15th Five-Year Plan. Vucic also expressed confidence in China’s future development under Xi Jinping’s leadership.
The Serbian president said Belgrade attached great importance to relations with China and firmly supported Beijing on issues concerning China’s core interests.
Vucic thanked Chinese companies for their contributions to Serbia’s economic development and infrastructure construction.
Saying the two countries had made notable progress since establishing their comprehensive strategic partnership, Vucic added that cooperation had expanded across numerous sectors.
The Serbian president also praised China’s role in international affairs, saying Beijing approached smaller countries on the basis of equality and respect and defended international law.
Following the talks, the two leaders witnessed the signing of more than 20 cooperation agreements covering politics, trade, science and technology, education, legal affairs and culture.
The two sides also issued joint statements on steadily advancing the construction of a China-Serbia community with a shared future in the new era and jointly supporting the implementation of four global initiatives.
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