China’s new Silk Road has Kyrgyzstan at crossroads

Global Business

Kyrgyzstan straddles both Europe and Asia in terms of geographical location, but by May its economy will be doing the same. The country will be joining the Eurasian Economic Union with Russia, Kazakhstan, Belarus and Armenia. While this may boost trade in the region, it may affect its largest investor: China. CCTV’s Michal Bardavid filed this report.

China\'s new Silk Road has Kyrgyzstan at crossroads

China\'s new Silk Road has Kyrgyzstan at crossroads

Kyrgyzstan straddles both Europe and Asia in terms of geographical location, but by May its economy will be doing the same. The country will be joining the Eurasian Economic Union with Russia, Kazakhstan, Belarus and Armenia. While this may boost trade in the region, it may affect its largest investor: China. CCTV's Michal Bardavid filed this report.

Highlights:

  • China is one of Kyrgyzstan’s crucial strategic economic partners and its biggest investor.
  • Chinese investments in Kyrgyzstan are in areas such as energy, construction and textiles and have had a major impact on the Kyrgyz economy and the population.
  • China and Kyrgyzstan have also profited from mutual trade as Kyrgyzstan has been benefiting from reexporting Chinese goods for a long time.