China, Central Asia Gear Up For Upgraded Cooperation Riding On BRI Boons: Experts

BEIJING, (APP - UrduPoint / Pakistan Point News - 21st Oct, 2023) China and the five Central Asian countries are expected to yield more upgraded economic cooperation projects marked by a green, digital economy in the next ten years, experts said, following the tangible results that have been delivered from opportunities released by the just-concluded third Belt and Road Forum for International Cooperation (BRF), which marked the 10th anniversary of the Belt and Road Initiative (BRI) and ushered in what Chinese President Xi Jinping called another "golden decade" of BRI cooperation.

The comment came after an official announcement by the Foreign Ministry that Chinese Premier Li Qiang will attend the 22nd Meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO) Member States in Bishkek, Kyrgyzstan and pay an official visit to the Kyrgyz Republic from October 24 to 27, at the invitation of Prime Minister Akylbek Japarov of the Kyrgyz Republic.

Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China, told the Global Times on Saturday that Li's visit could well reflect the vital importance that China attached to its friendly neighbour.

"It is believed that Li will well implement the consensus previously reached and offer China's efforts conducive to maintaining the region's stability, security and prosperity," Zhou said.

The economic cooperation between China and the five Central Asian countries have been on a rapid upgrading track over recent years, shifting from traditional areas such as infrastructure, transport and energy toward green and digital economy and other newly-emerging industries.

China and the five Central Asian countries launched an action plan for green technology development on Wednesday to promote cooperation on green technology in ecology, agriculture and biodiversity, in a bid to address the region's massive challenges such as climate change, ecological degradation and environmental crises. It was kicked off during a high-level forum on green development held simultaneously with the third BRF in Beijing.

"A continuously upgrading cooperation model is being forged riding on the boons of BRI, and more small yet beautiful projects are expected to land in Central Asia in the next decade under the initiative," Zhou added.

Traditional trade is also burgeoning between China and Central Asia. Last year, China's imports of agricultural, energy and mineral products from the five Central Asian countries jumped over 50 per cent from a year earlier, while exports of mechanical and electronic products to them increased by 42 per cent.

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