Open AccessCHINA − KAZAKHSTAN ECONOMIC COOPERATION AND ONE BELT ONE ROAD CONSTRUCTION
Author(s) -
Gelvig Svetlana
Publication year - 2020
Publication title -
science review
Language(s) - English
Resource type - Journals
eISSN - 2544-9443
pISSN - 2544-9346
DOI - 10.31435/rsglobal_sr/31032020/6998
Subject(s) - china , general partnership , business , road construction , plan (archaeology) , kazakh , strategic partnership , special economic zone , international trade , political science , economy , regional science , economic growth , geography , transport engineering , engineering , economics , finance , linguistics , philosophy , archaeology , law
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.