Foreign Economic Relations Between China and Countries of Central Asia: Trends and Development Prospects

DOI

10.2991/aebmr.k.201215.031How to use a DOI?

Keywords

foreign economic relations, foreign policy, foreign trade, foreign direct investment, contracts and foreign projects

Abstract

China’s economic presence in Central Asian countries is becoming more systematic and complex. The countries of Central Asia, which officially include such States as Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, and Turkmenistan, are the closest neighbors of the people’s Republic of China. A special feature of economic interaction between Central Asian countries and China was the coordination of internal programs of economic development of these States with the interests and strategy of Beijing. The Central Asian countries have taken the initiative in signing relevant cooperation agreements, which contributes to the in-depth development of this cooperation in three main areas: trade, investment profitability, contract activities for projects and construction of parks. This article reveals the trends and prospects for the development of foreign economic relations between China and Central Asian countries. The main areas of cooperation between the countries are described. The role and position of each country in foreign economic cooperation are defined. The dynamics of the main indicators of China’s foreign trade with Central Asian countries for 2013-2018 is analyzed. The shares of individual Central Asian countries in China’s exports are highlighted, as well as the growth of China’s share in the exports of Central Asian countries associated with a significant increase in raw material supplies. Factors and prospects of development of expansion of economic relations of the countries in the future are revealed. The study notes the transition of economic and trade cooperation from energy to multi-disciplinary, from raw materials to investment and production potential.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nadezhda Sivtsova
AU  - Yulia Boltenkova
AU  - Jin Changhao
PY  - 2020
DA  - 2020/12/17
TI  - Foreign Economic Relations Between China and Countries of Central Asia: Trends and Development Prospects
BT  - Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)
PB  - Atlantis Press
SP  - 148
EP  - 152
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201215.031
DO  - 10.2991/aebmr.k.201215.031
ID  - Sivtsova2020
ER  -