The Chinese leader said that he wants to bring the trade turnover between China and the region to $ 70 billion by 2030. According to the state publication People's Daily, over the past 20 years, this figure has grown 25 times, from $ 1.5 billion to $ 38.6 billion in 2020.
Source: World Bank
In terms of growth rates, the leader is Turkmenistan, the trade turnover with which has grown almost 200 times, reaching $ 6.5 billion in 2020, mainly due to the export of natural gas.
The total volume of Chinese investments in Central Asia at the end of 2020 approached $ 40 billion, of which $ 21.4 billion fell on Kazakhstan, people's Daily reports. As of the end of 2021, 7700 Chinese firms were operating in Central Asia.
Xi also pledged $500 million in grants to Central Asian countries over the next three years for socially significant projects, as well as an additional 50 million doses of Chinese-made COVID-19 vaccines this year. But to implement all these plans, Beijing needs stability in Central Asia.
He was following events in Kazakhstan, where riots and a possible coup attempt earlier this month killed at least 227 people.