MIL-OSI Russia: Exclusive: Belt and Road Initiative Opens Unprecedented Opportunities for Development – Uzbek Economist

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

Tashkent, June 28 /Xinhua/ — The Belt and Road Initiative has opened up unprecedented development opportunities for Uzbekistan, said Aizhan Djumanova, a professor at Tashkent State Transport University and a PhD in economics, in an exclusive interview with Xinhua.

According to her, since Uzbekistan joined the joint construction of the Belt and Road, Uzbek-Chinese cooperation has gone far beyond traditional trade and covered such areas as infrastructure construction, industrial cooperation, development of interconnectivity, humanitarian exchanges and other areas, forming a high-quality, multi-level and multi-sectoral partnership model.

“The successes in the area of infrastructure are especially noticeable,” A. Djumanova noted. Joint construction of roads and railways, creation of modern logistics hubs and industrial parks within the framework of the “Belt and Road” contribute to strengthening the regional interconnectedness of Uzbekistan and increasing the efficiency of transport and logistics flows. The consistent promotion of the China-Kyrgyzstan-Uzbekistan railway project clearly demonstrates the strategic potential of Central Asia as a transit corridor between the East and West of Eurasia, the expert said.

In the area of industrial development, in her opinion, Chinese technologies, investments and management experience successfully compensate for the weaknesses of Uzbekistan’s industrial base. “Projects with the participation of Chinese capital in such sectors as solar, wind and hydropower, agricultural processing, electric vehicles, contribute to the modernization of the structure of our economy, create jobs and support the green transition and energy diversity,” she emphasized.

The expert also noted that at the regional level, the Belt and Road Initiative has become a stable and mutually beneficial platform for the development of Central Asian countries. According to her, thanks to Chinese initiatives, there is increasingly closer policy coordination, growing market connectivity, and the institutionalization of cross-border projects and dialogue on regional governance. The agency’s interlocutor added that the creation of the China-Central Asia mechanism was a logical continuation and confirmation of the maturity of this cooperation.

“Looking to the future with optimism, we are convinced that cooperation between Uzbekistan and China, as well as between the Central Asian countries and China under the auspices of the Belt and Road Initiative, will only deepen,” said A. Djumanova. According to her, this is not just a set of short-term projects, but a strategic partnership based on a common vision of development and high-quality standards. “Uzbekistan, as before, will firmly support and actively participate in this cooperation, which brings hope to the entire region,” the expert concluded. –0–

MIL OSI Russia News