scholarly journals DEVELOPMENT OF COOPERATION BETWEEN CENTRAL ASIAN COUNTRIES AND CHINA IN ACCORDANCE WITH THE “ECONOMIC BELT OF SILK ROAD”

2020 ◽  
pp. 48-60
Author(s):  
Tleulina Aigerim
Keyword(s):  
Central Asia ◽  
Regional Cooperation ◽  
Silk Road ◽  
Practical Implementation ◽  
Asian Countries ◽  
Investment Bank ◽  
International Transport ◽  
Development Institutions ◽  
Road Project ◽  
The Silk Road

The Economic belt of the Silk Road project (hereinafter referred to as the "EBSR") has formed China's new long-term strategy "One belt − one way". With a view to the practical implementation of the EBSR initiative, China, in cooperation with interested Asian countries, is creating two important financial development institutions: the Asian Infrastructure Investment Bank and the Silk Road Fund. The new Chinese initiative, judging by the available information available, can pursue three strategic objectives:expansion of international and regional trade; the creation of international transport corridors from China to Europe and the Middle East through the territory of Kazakhstan and Central Asia;gradual increase of China's economic presence in Central Asia as a strategically important partner. Kazakhstan, as well as other countries of Central Asia, it is important to participate in the implementation of the Chinese EEPS initiative, to effectively use the emerging new opportunities and advantages of regional cooperation, while achieving, at the same time, minimizing risks and threats.

scholarly journals “ECONOMIC BELT OF THE SILK ROAD”: NEW OPPORTUNITIES AND PROSPECTS FOR MONGOLIA

2019 ◽  
pp. 26-30
Author(s):  
Mavidkhaan Baasandulam
Keyword(s):  
Economic Integration ◽  
Regional Cooperation ◽  
National Development ◽  
Silk Road ◽  
Asian Countries ◽  
Cross Border ◽  
Good Investment ◽  
Starting Point ◽  
The One ◽  
The Silk Road

Earth is continents, seas, the developing countries, the developed countries, the centers and the borders is the One Belt-One Road initiative. On the other hand, the Sea “Silk Road” is called the “Economic Belt of the Silk Road” as a way of “New Belt and Road” for China's new long-term development strategy. "Silk Road" refers to the ancient land-based commercial trade route that originated in ancient China and connected to Asia, Africa and Europe.In order to benefit from the “Economic Belt of the Silk Road” initiative, China has partnered with other Asian countries and created two important financial development institutions, the Asian Infrastructure Investment Bank and the Silk Road Fund.The main objective of the initiative is to create an Eurasian trade economic integration space and cross-border transport corridors, that is, to strengthen the links between government policies and national development strategies along the route, promote international cooperation, and promote the development of joint ventures. For this purpose, the following tasks have been set: 1. Development of regional economic integration method; 2. Create an integrated transportation design for Asian transportation, connect communication networks, and develop pipeline systems; 3. Switch back to investment and trade barriers and create a good investment environment; 4.Strengthen national currency; 5.Deepening cooperation in the humanitarian field; 6.Expanding China's exports and domestic power growth will be concentrated in the western provinces (steel, lead, photovoltaic equipment, wind turbines).The “One Belt and One Road” is a new starting point for China-global relations and human development. Utilize the geographical advantages of Mongolia, China and Russia to increase cross-border trade between Mongolia, Russia and China, creating opportunities for logistics and transportation. China is one of the Mongolia's largest sources of foreign direct investment and is seen as a huge market for Mongolia to provide services and products.Mongolia hopes to unite its “Steppe Road” initiative with China’s “One Belt and One Road” initiative. The goal of the “Steppe Road” initiative aims to expand the Mongolian economy through cross-border transportation, strengthen the road line connecting Russia and China, transform and extend the current railway line in Mongolia, and build oil and gas between Russia and China. The pipeline improves the infrastructure of Mongolia. Mongolia and other Asian countries are actively participating in the “One Belt and One Road” initiative implemented in China to reduce risks and threats and gain new opportunities and advantages in regional cooperation.

scholarly journals The Silk Road Renaissance and New Potential of the Russian-Chinese Partnership

2015 ◽  
Vol 01 (02) ◽  
pp. 305-323 ◽  
Author(s):  
Alexey Podberezkin ◽  
Olga Podberezkina
Keyword(s):  
Central Asia ◽  
High Speed ◽  
Silk Road ◽  
Transport Infrastructure ◽  
Strategic Partnership ◽  
Population Mobility ◽  
Positive Effects ◽  
International Transport ◽  
Silk Road Economic Belt ◽  
The Silk Road

The similarity between the Russian and Chinese stances in international politics is driving their strategic partnership. Cooperation in building international transport corridors across Central Asia can make their economies stronger and the region safer. This article presents the main reasons for China and Russia to develop their transport corridors, details of the various international transport corridor projects of other global powers in Central Asia, and the prospects for cooperation in this sphere. Recently China has encountered a slowdown in its economic growth whereby Chinese goods become more expensive, thus impairing their main competitive advantage — low price. This prospect highlights a need to explore strategies to make transportation of goods more efficient. For the Russian government, even in times of economic sanctions and crisis, development of transport infrastructure such as the Moscow-Kazan high-speed railway is a high priority, which is expected not only to return financial results, but also to have positive effects on demography, population mobility, job creation, as well as foster new opportunities for local small- and medium-sized businesses. While both Russia and China are well aware of the economic reasons for developing transport corridors in the region, each has its own tertiary ambitions which are not yet quite clear. Trans-Russian transport corridors are twice more efficient than Trans-Caucasian or Trans-Turkish ones, and China's "Silk Road Economic Belt" initiative will be more effective with Russia. Previously suspicious about the advancement of other great powers in Central Asia, Russia has been awakened by the greatest Eurasian transport project under development, the "Silk Road Economic Belt," with particular regard to the opportunities of the project, as well as the risks of non-participation. Transport corridors may have great effects on the regional order in Central Asia and are of tremendous strategic impact. Both Russia and China are interested in building transport corridors and strengthening their positions in Central Asia. To prevent rivalry between Russia and China for transport corridors and cooperation with Central Asian countries, both countries must understand each other's goals and fears. With good management, cooperation in transport corridors can bring both countries great benefits.

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