Page 201 - Theoretical and Practical Interpretation of Investment Attractiveness

It used to take eight to ten days to deliver goods between China and Uzbekistan via
Kyrgyzstan, but now the new route takes only two days. Uzbek yarn, cotton fiber, agricultural
products and fruit juices will be transported along the new corridor to China, and production
and processing equipment, components and household appliances in the opposite direction.
In recent years, thanks to the improvement of transport infrastructure, the volume of mutual
trade between China and Uzbekistan has been growing rapidly. In 2018, bilateral trade
increased by 48.4% year-on-year to US$6.26 billion. China is now Uzbekistan's largest
trading partner, largest export partner and largest source of imports.
In addition, as the Uzbek government prioritizes exports in its foreign economic policy,
more and more Uzbek companies are seeking a share of China's huge consumer market.
Having created good opportunities for the economic development of Uzbekistan, the
transport corridor attracts other countries to use it to deliver their products. Experts say that
as a symbol of China's implementation of the "One Space, One Road" initiative in Central
Asia, the corridor will play a leading role in facilitating transportation and creating a new
Asia-Europe continental bridge.

Long-term strategies

On September 19, 2019, a plan to increase China's transport power was announced.
The document was approved by the Central Committee of the Communist Party of China and
the State Council of the People's Republic of China.
sets out the future prospects and roadmap for the transport sector, based on clear
principles.
By 2035, it is planned to create a “large transport region” in Central Asia. By this time,
the transport system should fully satisfy demand and serve the modernization of countries.
The second stage - from 2036 to 2050 - includes the principles of creating an internationally
competitive transport system, and by 2050 an innovative transport system of international
level will be created.
China's transportation system must meet the highest global standards not only in terms
of scale, but also in terms of the quality of technical equipment, ability for technological
innovation and relevant professional workforce, intelligent and smart transportation
capabilities, environmental conditions, road safety and management abilities. As a general
guide for China's transport sector, this policy serves long-term strategic and coordinated
development at a high level. It also serves as the basis for the country's medium-term transport
strategies, future five-year plans and specific principles for future implementation at the
national and subnational levels.
As deep reforms in investment, financing and governance in the transport sector
continue, a coordinated implementation mechanism will be created. Supported objectives are
formulated to achieve set goals, and resources (such as financial and political support) from
the government are allocated scientifically. The new strategy envisages greater coordination
between policies related to natural resources, environmental protection, financial allocation

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