According to Reuters, the upcoming Shanghai Cooperation Organization summit will discuss the application of the Renminbi stablecoin in areas such as cross-border trade and payments.

Indian Prime Minister Modi will visit China for the first time in 8 years. Apart from Russia and India in the SCO, the other economies are small players. If this market can be opened, the potential is limitless.

Geopolitically, after the 57th air battle, India has been abandoned by the Western camp, and the Indo-Pacific strategy has declared bankruptcy. Recently, it is facing a fierce tariff war and may be forced to switch camps.