President of Uzbekistan Shavkat Mirziyoyev, who arrived in Beijing to participate in the “One Belt, One Road” forum, held a meeting with the Chairman of the PRC Xi Jinping on October 17. The head of the Central Asian Republic noted the development of economic partnership between the countries, particularly in the investment sphere.
Over the past few years, the volume of Chinese investments in Uzbekistan has increased fivefold, and the number of companies from the PRC operating in the republic has tripled. Since the beginning of 2023, progress has been observed in trade – a 36% increase in turnover compared to last year’s figures has been recorded. It is expected that the figure will reach $10 billion, and the amount will double in the next five years.
The heads of the two countries discussed several ideas for further development of strategic cooperation and business partnership, agreeing to develop a “roadmap” for the implementation of these projects.