(WNAM Monitoring): As part of his state visit last May, the Head of Uzbekistan held meetings with leading representatives of business, financial, and investment circles in China. Breakthrough agreements have made it possible to significantly expand the trade, economic, and investment partnership between the two countries.
A continuation of the fruitful dialogue was the current investment forum, which brought together the heads of agencies and regions of the two countries and more than 600 representatives of large Chinese businesses. Among them are the top management of the China National Petroleum Corporation, the China National Chemical Engineering, the Aerospace Science and Industry Corporation, the China Energy, Gezhouba Group, China CAMC Engineering, Huawei Technologies, SANY Renewable Energy, BYD Auto Industry, Xinjiang Hualing Group, ZTE, TBEA, Universal Energy, China Development Bank, State Development Bank, China Exim Bank and many others.
Opening the forum, the President of Uzbekistan warmly welcomed all participants and noted the symbolism of holding the forum in the city of Shenzhen, which is rightfully considered the innovation capital of China.
“Today, comprehensive and mutually beneficial relations between our countries are developing dynamically, primarily thanks to economic cooperation”, the President emphasized.
The fruitful talks with President of the People’s Republic of China Xi Jinping, held the day before, were noted with deep satisfaction. Among the results are agreements to support and create favorable conditions for business representatives of the two countries.
This will also be facilitated by the adopted historical document – the Joint Statement of the leaders of the two countries, which brings relations between Uzbekistan and China to the level of an all-weather comprehensive strategic partnership.
The President of Uzbekistan drew particular attention to the dynamic growth rates and scale of trade, economic, and investment interaction between the two countries.
Thus, in recent years, the trade turnover has doubled and in 2023 reached a record high of $14 billion. The Head of state once again noted the availability of opportunities to increase this figure to 20 billion in the coming years, including by expanding mutual supplies of agricultural and industrial products and concluding a new intergovernmental agreement on the establishment of preferential trade in certain types of products.
Today, total Chinese investment is over $14 billion. The number of enterprises with Chinese capital has tripled.
