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China, Uzbekistan see fast growth in cooperation


06-22-2016 01:21 BJT

Full coverage: President Xi Visits 3 Nations, Attends SCO Summit

China and Uzbekistan have enjoyed fast development in economic relations.

Bilateral trade between China and Uzbekistan hit 3.5 billion dollars in 2015. China's exports to Uzbekistan totaled 2.23 billion dollars while imports were at 1.27 billion dollars.

China is Uzbekistan's biggest source of direct investment. According to Chinese Ministry of Commerce, China's direct investment to Uzbekistan has reached 510 million dollars by April 2016.

Under the Belt and Road Initiative, China and Uzbekistan have carried out comprehensive cooperation in energy, finance, transportation, agriculture and telecommunications.

Uzbekistan is the final stop of President Xi's three-country tour, where he will also take part in the Shanghai Cooperation Organization summit. Geographically, Uzbekistan connects the east and the west.

The country is 447.4 thousand square kilometers, with a population of more than 30 million people. Uzbekistan has close relationship with China. As in the early 90s, the country had expressed interests in rebuilding the silk road. The bilateral trade and investment grew fast in the past few years. Now its main economic goal is to develop a modern industry in the country.

Analysts say President Xi's visit to the country could bring more investment and technology supports in different areas.

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