Ministry of Commerce spokesman Huang Ling explained at a regular press conference held on the 27th that China has maintained the status of Kyrgyzstan's largest trading partner for a long time. From January to July of this year, the trade volume between China and Kyrgyzstan was 11.7 billion US dollars. China's “new three” exports of mechanical and electrical products to Kyrgyzstan grew rapidly, and cooperation in trade in services and cross-border e-commerce continued to advance. “In recent years, under the strategic guidance of the heads of state of the two countries, Sino-Kyrgyz economic and trade cooperation has maintained a steady and progressive development trend, and cooperation in various fields has achieved positive results.” Huang Ling said that China is Kyrgyzstan's largest source of foreign investment. By the end of July this year, China's direct investment in the entire industry in Kyrgyzstan had exceeded 2 billion US dollars. Large-scale projects in the fields of infrastructure, energy, mining, agriculture, and green development are progressing smoothly. At the same time, China and Kyrgyzstan are actively discussing and promoting trade and investment liberalization and facilitation between China and Central Asia and the Shanghai Cooperation Organization to promote regional economic cooperation. “In the next step, China is ready to work with Kyrgyzstan to jointly implement the important consensus reached by the heads of state of the two countries and continue to promote the high-quality development of Sino-Kyrgyz economic and trade cooperation.” Huang Ling said.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.