Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

China’s Xi reveals ambitious development plan with Central Asia allies

Chinese President Xi Jinping speaks at the round table during the China-Central Asia Summit in Xi�... Chinese President Xi Jinping speaks at the round table during the China-Central Asia Summit in Xi'an, Shaanxi province, China, 19 May 2023. MARK CRISTINO/Pool via REUTERS
Chinese President Xi Jinping speaks at the round table during the China-Central Asia Summit in Xi�... Chinese President Xi Jinping speaks at the round table during the China-Central Asia Summit in Xi'an, Shaanxi province, China, 19 May 2023. MARK CRISTINO/Pool via REUTERS

Listen to the article now

On Friday, China’s President Xi Jinping outlined an ambitious plan to assist Central Asia development, from developing infrastructure networks to promoting trade without “external interference.”

At the China-Central Asia Summit in northwest China, Xi said China is ready to coordinate development strategies with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan to modernize all six countries.
“The world needs a Central Asia that is stable, prosperous, harmonious, and well-connected,” Xi remarked.

Xi advised the six countries to fight “external interference” in regional countries’ internal affairs and “colour revolutions” and to zero-tolerate terrorism, separatism, and extremism.

“China is ready to help Central Asian countries improve their law enforcement, security, and defense capability construction,” Xi stated.
Chinese state media has portrayed the two-day summit in Xian, the historic Silk Road city, as a success of China’s regional diplomacy. The leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan pledged support for Beijing and promised deeper cooperation.

At the weekend Group of Seven summits in Hiroshima, Beijing’s “negative” image will contrast with Central Asian solidarity.

China’s neighbors’ high-profile trust will fight U.S. charges of coercive diplomacy. As Moscow focuses on the Ukraine crisis, Xi’s assembly of five heads of state on Chinese soil without Putin appears to draw Central Asia closer to China.
Xi said China and Central Asian nations should deepen strategic mutual trust and always provide “clear and strong support” on core interests like sovereignty, independence, national dignity, and long-term development, without mentioning war-torn Ukraine, a former Soviet state like the Central Asian nations.

Xi said China would strengthen bilateral investment agreements with Central Asian countries and increase cross-border freight volume.

He said that Beijing would urge Chinese-funded Central Asian enterprises to create more local jobs, develop foreign warehouses, and introduce a special train service to promote cultural tourism.

Last year, China and Central Asia traded a record $70 billion, with Kazakhstan leading with $31 billion, as China seeks food and energy security through stronger commercial ties.

Xi advised accelerating Line D of the China-Central Asia natural gas pipeline.

He also urged China and Central Asia to promote oil and gas trade, energy cooperation throughout industrial chains, new energy, and peaceful nuclear energy use.

Xi said China supports the establishment of a cross-Caspian Sea international transport corridor and will improve China-Europe freight train service transportation hubs.


Comment Template

You May Also Like

Business

In the wake of Walmart’s departure as a major stakeholder and a stagnating Chinese e-commerce market, JD.com must persuade investors of its importance. This...

Economy

Friday saw dollar weakness as investors braced for Jackson Hole address by Federal Reserve Chair Jerome Powell, while the yen topped other currencies in...

Politics

  Joe Biden had other plans for his address. Under the current conditions, at least not this year. Tragedies and hardships have left their...

Economy

After a bank official was freed from captivity, activities at Libya’s central bank (CBL) were restored. Musaab Muslamm, chief of the bank’s information technology...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok