CHINA − KAZAKHSTAN ECONOMIC COOPERATION AND ONE BELT ONE ROAD CONSTRUCTION

  • Gelvig Svetlana PhD Candidate, China, School of Business, Hunan University of Science and Technology
Keywords: China, Kazakhstan, energy cooperation, trade, international economy, transportation, “One Belt, One Road”

Abstract

China and Kazakhstan are long-term partners, which economic relations have reached a new level of the strategic partnership. The “One Belt, One Road” initiative brings new opportunities and challenges for the development of bilateral economic interactions and for the entire Central Asia region. The author made an original analysis of the main components of economic cooperation between the two countries, including energy cooperation, current trade infrastructure and identifying the prospects for implementation of the “One Belt, One Road” initiative. Based on the long-term relationship, strategic partnership and trade cooperation between China and Kazakhstan, construction and combining of the Chinese “One Belt One Road” initiative and Kazakhstan “Bright Road Plan” is the new era for China-Kazakhstan economic development. According to the current research, the construction of this infrastructure will have a direct impact on flows of foreign investments, production development and transport infrastructure. In addition, the construction of the “One Belt, One Road” plan has a great importance for promoting the development of Chinese-Kazakh economic relations and solving difficulties in economic exchanges.

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Published
2020-03-31
Citations
How to Cite
Gelvig Svetlana. (2020). CHINA − KAZAKHSTAN ECONOMIC COOPERATION AND ONE BELT ONE ROAD CONSTRUCTION. Science Review, (3(30), 42-49. https://doi.org/10.31435/rsglobal_sr/31032020/6998
Section
Economy
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