Asia
Türkiye’s BRICS bid discussed at Shanghai University
On 24 September, the Institute of Global Studies of Shanghai University organised a workshop on ‘Türkiye’s Re-Asia Initiative’.
Moderated by Prof. Guo Changgang, Director of the Centre for Turkish Studies at Shanghai University, the workshop discussed China and Türkiye’s foreign policies, the rising global South, the BRICS agenda and Türkiye’s membership bid.
Opening the event, Prof. Guo Changgang said: “As Ankara is applying to join BRICS, it is a good time to talk about Türkiye’s Asia policy,” highlighting the Re-Asia Initiative.
“Türkiye’s efforts to join the Shanghai Cooperation Organisation (SCO) and participate in ASEAN show that Türkiye has adopted a ‘pendulum’ position between the West and the East,” said Prof. Dr. Gürol Baba of Ankara Social Sciences University. Gürol Baba said Türkiye’s move to join BRICS will make it a more ‘visible’ actor in the region: “Türkiye is an active middle power. It should cooperate with like-minded powers. For example, Türkiye is a founding member of the MIKTA group. BRICS is also a place where Türkiye can find like-minded countries. Baba said Türkiye wanted to keep East and West together in its foreign policy.
Prof Zou Zhigiang of Fudan University said: ‘Türkiye is changing its Asia policy. This is because an Asia that is economically and technologically confident, competitive and rising in every sense cannot be ignored. Türkiye is currently seeking to increase its engagement in the region. President Erdoğan attended the Shanghai Cooperation Organisation summit in 2022 for the first time as a NATO country. It has also been confirmed that Türkiye has applied to join BRICS,” he said. Prof Zou summed up why Türkiye attaches such importance to Asia in 4 points:
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Accumulated frustration with the West and the European Union. It is now clear that Türkiye’s EU membership will not happen in the near future.
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Türkiye is seeking strategic autonomy. It wants to be a central power in the world and pursue a balanced policy. It wants to be a centre between East and West and not give up its NATO membership.
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The growing global influence and attractiveness of the SCO and BRICS.
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Türkiye’s domestic economy faces challenges. New economic markets and capital inflows are vital for Türkiye.
Prof Zhou Shixin of the Shanghai Institute of International Studies commented on China’s Asia policy:
“China is seen by the US as the biggest threat, so it is blocked and ostracised by the US and some of its allies. China-US relations are one of the most important factors driving the regional power shift and order transition in the Asia-Pacific. China is expanding its presence and increasing its influence in the Asia-Pacific. China is acting as a modern and sovereign country, making great efforts to defend its territorial integrity and sovereign independence and to achieve national reunification. China also seeks peaceful and equal coexistence and interaction with the US, but does not seek to coerce the US. China seeks to strengthen security and economic relations with more regional countries on the basis of the principles of ‘friendship, sincerity, mutual benefit and inclusiveness’. China seeks to manage and resolve territorial disputes with its neighbours primarily through bilateral diplomatic consultations and negotiations”.
Commenting on Türkiye’s Asia Re-entry Initiative, Prof. Zhou said that Ankara has demonstrated its willingness to pursue a multi-dimensional foreign policy based on the Strategic Depth Doctrine and made the following suggestions: “Türkiye can focus more on Southeast Asia rather than South Asia and Northeast Asia, Türkiye can interact with Asia-Pacific countries as a sovereign country, not as a NATO member, even with Japan and South Korea. Türkiye could promote more economic cooperation rather than security cooperation, Türkiye could apply to join the ASEAN Regional Forum as an Asian country, and Türkiye could negotiate more free trade agreements with Asia-Pacific countries beyond South Korea (1 May 2013), Malaysia (1 August 2015) and Singapore (1 October 2017) before joining the EU. As a result, China is willing to help Türkiye further coordinate with some regional countries.”
Prof Zhou Yiqi of the Shanghai Institute of International Studies spoke about China’s Middle East policy:
“There are four major parties in the Middle East: Arab countries, Israel, Iran and Türkiye. China has strengthened its relations with most of the major powers there. However, Türkiye remains the only party that has not yet signed a partnership agreement with China. Diplomatic relations between the two: Strategic Cooperation Relations. Although relations between China and Israel are rather poor, there is still a relationship of innovative partnership. In addition, China has successfully negotiated the conflict between Iran and Saudi Arabia. China’s partnership between these two countries has become a bridge that brings them together.
The traditional stereotype is that China is only interested in economic issues and is a free rider on security in the region. However, after its mediation between Iran and Saudi Arabia and its efforts to bring peace to Gaza, China has become an active player in Middle East security issues. However, this still differs from US efforts to use the alliance as a bargaining chip. China has always been quite fair in the Middle East, which has earned it trust. But it is also on the side of justice, for example on the Palestinian issue.”
Commenting on Türkiye’s Re-Asia Initiative, Prof. Zhou Yiqi said: “I think it is important for Türkiye to improve its relations with China, because China-Türkiye relations are even weaker than China-Israel relations. China is looking for stability in the face of apparent uncertainty. But I don’t understand why the foreign minister went back to Türkiye and suddenly raised taxes on electric cars imported from China. Such issues have become a hot topic on Chinese social media and this is definitely not positive for people-to-people understanding,” he said.
Dr Selçuk Aydın of Boğaziçi University commented on Türkiye’s relations with Asia:
“The origins of modern Türkiye go back to the early 19th century. The biggest event of that period was the abolition of the Janissaries. In other words, while the Ottoman Empire was undergoing a transformation, this process was expressed with a ‘new’ term. If we look back to the 1920s, there were again discussions about ‘New Türkiye’. When Erdoğan came to power, all the news was about ‘New Türkiye’. In fact, Asia is nothing new for Türkiye; it already has historical, cultural and religious links. I think Dr Serdar has been working on Uighur and Xinjiang issues. Historically, this region has been very connected and interacted with Türkiye.
Secondly, Türkiye’s participation in the Belt and Road Initiative is a great initiative. There is a mystery in Türkiye about China and in China about Türkiye. How is Türkiye perceived? For China, the concept of Türkiye is probably limited to NATO. Then there is the Xinjiang issue. There are two important issues that hinder Türkiye’s cooperation with China.
The first step we need to discuss is Türkiye’s dissatisfaction with what the US is forcing it to do in the Middle East. Especially the Syria incident. That was a turning point in diplomacy. Another example is the FETO case. Gulen had a close relationship with the US and there was a coup attempt. After this incident, Türkiye’s diplomatic direction changed. After the Arab Spring, Türkiye realised that the US did not support liberal movements in the Middle East, but only focused on its own interests. Subsequently, Türkiye became more involved in Middle Eastern affairs, for example by mobilising its military abroad in Syria, Azerbaijan and elsewhere.
We need to analyse Türkiye’s foreign policy from these perspectives. First, history, which is also intertwined with religion. The Ottoman Empire was the centre of the Caliphate. The second is the racial dimension, which also bears traces of the late Ottoman Empire. Turkish consulates are therefore the main pillar of Turkish foreign policy. The third pillar of Turkish policy is the promotion of a non-Western approach. This is related to the foundations of modern Türkiye and is very anti-colonialist. At the same time, Türkiye is geographically close to Western countries and has historically cooperated with them.
Türkiye’s neighbours are often in civil war or conflict. So Türkiye has to look to Asia, because China has incredible lessons to teach in that region. China may be the only superpower that wants peace in the Middle East.”
Commenting on Türkiye-China relations, Dr Serdar Yurtçiçek said:
“Professor Yiqi mentioned that there are four important powers in the Middle East (Türkiye, Arabia, Iran and Israel) and although China has very good relations with three of them, it has not been able to improve its relations with Türkiye. The reason for this is the Uighur issue, as Selçuk mentioned earlier. Since 2016, I have been living in China and researching Türkiye’s China policy. During this time, I have met many Chinese academics and politicians. The conclusion I have drawn from my experience and research is that the most important issue between Türkiye and China is the Uyghur issue, and unless this issue is resolved, all other areas of cooperation cannot be built in a relationship of mutual trust. Last year, former ambassador Emin Önen said: ‘There is mutual understanding on 99 points in Türkiye-China relations, but let’s not agree on one point. This should not hinder the development of bilateral relations’. Prof. Yang Chen said that China wants to improve its relations with Türkiye, but this point is as important as the other 99 points and the two countries should keep their mutual promises. That point is the Uighur issue. And it is clear that Turkish academics and politicians do not understand how important the Xinjiang issue is for China and that it is a non-negotiable issue in terms of national sovereignty.
After the Second World War, Turkish-Chinese relations developed largely within the foreign policy boundaries drawn by the United States. In particular, the fight against China in the Korean Civil War and Türkiye’s eventual accession to NATO led to Uighur figures such as Isa Yusuf Alptekin and Mehmet Emin Buğra defecting to Türkiye, making Türkiye a centre for anti-China Uighur separatist organisations. Even diplomatic relations between Türkiye and China only started after the US established diplomatic relations with China.
The situation was no different before the Second World War. Türkiye prioritised its friendship with the Soviets in its foreign policy and was wary of taking any steps that might anger the Soviets. For example, in 1944, Türkiye and the Republic of China almost signed a treaty of friendship, but Türkiye cancelled the treaty at the last minute so as not to anger the Soviets. This was because Türkiye had serious problems with the Soviets, especially the issue of the Straits Convention. The situation was similar in China. Xinjiang was largely under Soviet control. According to a Turkish diplomat, if a Chinese official wanted to go to Xinjiang, he first had to get permission from the Soviet consul in Kashgar.
Today, for the first time, there is a possibility of strategic relations between China and Türkiye without the shadow of a third country. Türkiye’s application for BRICS membership should be seen in this context.”
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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