Connect with us

Hi, what are you looking for?

WORLD NEWS

President Xi Jinping to chair China-Central Asia Summit

President Xi Jinping to chair China-Central Asia Summit

At China’s invitation, President Kassym-Jomart Tokayev of Kazakhstan, President Sadyr Japarov of Kyrgyzstan, President Emomali Rahmon of Tajikistan, President Serdar Berdimuhamedov of Turkmenistan and President Shavkat Mirziyoyev of Uzbekistan will attend the summit.

Since the establishment of their diplomatic relations three decades ago, China and the five Central Asian countries have developed strategic partnerships and established a new path of good neighborliness, friendship and win-win cooperation, thereby setting up a paradigm for a new type of international relations.

According to Chinese Minister of Commerce Wang Wentao, China’s trade with the five Central Asian countries reached a historic high of $70.2 billion in 2022, some 100 times the volume 30 years ago.

Thus, in 2022, China’s imports of agricultural, energy and mineral products from these countries jumped to over 50 percent while its exports of mechanical and electronic products increased by 42 percent.

By the end of last year, China’s direct investment stock in the five Central Asian countries reached nearly $15 billion, with a number of cooperation projects launched in fields such as oil and gas exploration, processing and manufacturing, connectivity and digital technologies.

Advertisement. Scroll to continue reading.

In the first two months of this year, trade between China and the five Central Asian countries surged 22 percent year on year.

Source | ZiMetro News

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Catch More Updates Below

BUSINESS NEWS

China remains a “critical supplier” to the world and efforts for a full decoupling remain “difficult, if not impossible,” a trade report by Allianz...

BUSINESS NEWS

China is making a huge contribution to the fight against climate change by drastically reducing the cost of green energies, a top German executive...

LOCAL NEWS

Government considering China’s G60 Starlink over Elon Musk’s Starlink In addition to SpaceX’s Starlink, several internet service providers are being evaluated by the Zimbabwean...

LOCAL NEWS

Zimbabwe Takes Delivery of Military Hardware From China HARARE – Zimbabwean President Emmerson Mnangagwa on Wednesday received military hardware from China in what could...

WORLD NEWS

World News | Two opposing narratives arise in a world where international interactions take center stage and geopolitical tensions dominate headlines. On the one...

WORLD NEWS

At China’s invitation, President Kassym-Jomart Tokayev of Kazakhstan, President Sadyr Japarov of Kyrgyzstan, President Emomali Rahmon of Tajikistan, President Serdar Berdimuhamedov of Turkmenistan and...

BUSINESS NEWS

China’s energy and commodities output roared ahead in March as producers rushed to feed a revival in economic activity. The increases, which included records...

BUSINESS NEWS

China’s yuan has replaced the United States Dollar (USD) as the most traded currency in Russia. This comes a year after Western sanctions were...

Advertisement
error: Content is protected !!