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Unstable situation contributes to decline of investments from Xinjiang to Kyrgyzstan – Xinjiang University professor

July 4, 2014

Unstable situation contributed to decline of investments from Xinjiang to Kyrgyzstan, Xin Fanming, professor of Xinjiang University Institute of Economics and Management, said during lecture on innovations of economic cooperation as part of Silk Road economic belt on July 3 in Bishkek.

The biggest volume of investments from Xinjiang goes to Kazakhstan. Kyrgyzstan used to be on the second place, however, due to unstable political situation investments dropped and Kyrgyzstan is on the third place now. Significant investments are made in Turkmenistan now in connection with construction of the gas pipeline, the professor said.

"As for trade with the Central Asian countries, Kazakhstan is main partner of Xinjiang. In connection with the plans of Kyrgyzstan to enter the Customs Union, trade declined significantly. However, entry into the Customs Union won't significantly affect economic and commercial relations between China and Kyrgyzstan, since both countries are WTO members and tariffs can be adjusted in such situation. The only thing here is attitude of population. Certain dissatisfaction and destabilization are possible in Kyrgyzstan that in turn may impact cooperation between China and Kyrgyzstan," the professor stated.

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Source: AKIpress News Agency (Kyrgyz Republic)

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