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    China’s RMB Yuan Overtakes US Dollar Use In China’s Foreign Trade For The First Time

    China’s RMB Yuan surpassed the US dollar to become the most-used currency in China’s cross-border transactions last month, according to data from China’s State Administration of Foreign Exchange (SAFE). Cross-border payments and receipts in RMB Yuan surged from the equivalent of US$434.5 billion in February to a record US$549.9 billion in March, according to calculations[…..]

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    Central Asia, China To Boost Trade and Economic Cooperation

    China, Central Asian regional trade hit US$70 billion in 2022 China’s state-run foreign-language news channel, CGTN, has reported that China and five Central Asian nations have vowed to further enhance their trade and investment cooperation. Commerce ministers from the six countries reportedly met on via video link on April 18 to discuss the plans, in[…..]

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    Azerbaijan And The International North-South Transport Corridor

    Transport routes passing through Azerbaijan at the moment are becoming increasingly attractive as the country creates conditions to ensure efficient transit as soon as possible. This is especially true as Baku Port has become a transport and logistics Caspian Sea gateway between Europe and China.

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    Single Logistics Operator Appointed For International North-South Transportation Corridor

    Kazakh, Russian and Turkmen Joint Venture to provide INSTC services A single logistics operator is to be created for the Caspian North-South corridor, according to Kazakhstan’s state owned media outlet Temir Zholy.

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    Central Asia’s Stock Exchanges Attain Lift-Off

    Central Asian markets capitalized at over US$100 billion  The Central Asian stock exchanges have been experiencing something of a boom, due to a covid rebound and increasing importance as manufacturing and transit economies in the wake of Eurasian trade and logistics capabilities due to sanctions imposed on Russia by the West.

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    China, Turkiye To Build High Voltage Network In Uzbekistan

    China Electric Power Equipment and Technology Co., Ltd. (CET) is to construct high-voltage transmission lines and substations in Uzbekistan, according to reports from Uzbekistan’s Energy Ministry. Uzbek Energy Minister Jurabek Mirzamakhmudov and Yu Jun, the General Manager of CET have signed an agreement, according to which CET will increase electricity transmission in Uzbekistan. CET will[…..]

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    China, Turkmenistan Q1 2023 Trade Up 14.1%

    The trade turnover between Turkmenistan and China amounted to US$2.64 billion from January through March 2023, according to the Turkmenistan Customs Authority. According to them, this represents an increase of 14.1% more than in the first three months of 2022.

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    Pakistan Issues Afghanistan Development RoadMap: Analysis

    The 4th Ministerial Conference of the Neighbours of Afghanistan has just been held. We discuss Pakistan’s position and the potential reconstruction and development solutions.  By Chris Devonshire-Ellis  During the 4th Ministerial meeting of the Neighbours of Afghanistan conference that took place in Samarkand last week, the Pakistan Government has issued an effective initiative that both recognizes[…..]

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    Impact Scenarios Should The EU Impose Secondary Sanctions On Central Asian Economies For Providing Parallel Exports To Russia

    Analysts deem EU sanctions against Central Asia as likely to miss their targets and being fraught with significant risks   The European Commission has announced the upcoming 11th package of anti-Russian sanctions, which will not now be specifically against Russia, but against third countries supplying sanctioned goods to the Russian Federation. Central Asian states have[…..]

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    China Woos Central Asia With Generous Gifts

    Beijing is arranging generous gifts for the Central Asian region in preparation of the China-Central Asian summit to be held May 18-19 in Xi’an. Thus far, these have included a Visa-Free agreement being prepared for signing with Kazakhstan, while other Central Asian countries are discussing transport projects and logistics for access to the China’s Lianyungang seaport[…..]

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