(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 27. The trade turnover
between Uzbekistan and China in 2022 increased by 20 percent,
reaching a record-breaking $9 billion, trend reports via the Ministry of Investments
and Foreign Trade of Uzbekistan.
This was confirmed during the Uzbek-Chinese Business Forum held
in China's Xi'an, preceding the official visit of the President of
Uzbekistan Shavkat Mirziyoyev. Over 400 major Chinese companies
interested in establishing cooperation with Uzbekistan have
participated in the event.
The consistent growth in trade, economic, and investment
relations between the two countries was emphasized. Furthermore,
the both sides have set a specific target to raise this figure to
$10 billion this year through joint efforts and coordinated
Stable growth is also observed in the investment sphere. The
total volume of Chinese investments in Uzbekistan since 2017 has
increased fivefold, reaching $11 billion. In 2022 alone, $2.2
billion of Chinese investments were implemented. At the same time,
the number of joint ventures in Uzbekistan has tripled in the past
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