China Invests US$50 billion in Central Asia
China has made significant progress in strengthening economic ties with the countries of Central Asia, as seen by the recent series of agreements signed between China and five countries in the region. The total investment involved in these agreements is US$50 billion. We identify these investments as follows:
Uzbekistan
Uzbekistan in particular has been a notable beneficiary, securing a significant US$25 billion investment from China. This significant funding will primarily be directed to the modernisation of railways, electricity networks and hydroelectric power plants in Uzbekistan, in particular in the Namangan and Tashkent regions. In addition, Chinese investment will also support the development of factories for the production of cars and electric vehicles, as well as strengthen the infrastructure of Uzbektelecom.
Kazakhstan
China’s investment in Kazakhstan has reached an impressive US$22 billion. This notable commitment is reflected in the signing of 23 agreements that will help expand the Shymkent refinery and build critical oil pipelines that will link Kazakhstan to China. In addition, Chinese investment will also promote the construction of a copper smelter and a car factory, further strengthening economic ties between the two countries.
Tajikistan
In Tajikistan, China has invested a significant amount of US$500 million, showing a commitment to strengthening bilateral relations. These investments materialized through the signing of 25 agreements that will contribute to the implementation of various development projects in Tajikistan, ultimately contributing to the country’s economic growth and infrastructure strengthening.
Kyrgyzstan
Similarly, in Kyrgyzstan, China has shown its commitment by investing US$43 million, with the signing of 26 agreements. These agreements cover a range of sectors and projects aimed at stimulating economic progress and improving infrastructure in Kyrgyzstan.
Turkmenistan
China has signed five agreements with Turkmenistan, underscoring its growing interest in developing economic cooperation with this country. Although the specific investment amount was not disclosed, these agreements undoubtedly contribute to the overall economic development and regional integration efforts in Turkmenistan.
While some Western media have attempted to portray China’s investment in Central Asia as a threat; it is important to recognise the positive impact of this investment on the region’s economy. Significant funding from China will undoubtedly promote infrastructure development, expand ties and boost economic growth, which will ultimately benefit the countries involved and contribute to regional stability.
Source: Dunyo
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