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China Tightens Economic Grip on Central Asia and the Caucasus, Outpaces U.S. Influence

With Beijing strengthening its economic foothold, U.S. efforts to counter China’s growing dominance in these regions face significant challenges.

1 min read
A representational image [Eilis Garvey/Unsplash]

China has cemented its dominance in Central Asia, with trade turnover in 2024 rising nearly 5% to $94.8 billion, surpassing Russia as the region’s top economic partner. The vast majority of trade ($64.2 billion) flowed from China, consisting of goods such as natural resources, rare earths, and precious metals, while Kyrgyzstan saw an extraordinary 3,270% growth in exports to China.

Kazakhstan led with $43.8 billion in trade, but nations like Uzbekistan and Tajikistan saw slight declines in trade volumes with China, with imports vastly outweighing exports. Interestingly, Turkmenistan stood out with a trade surplus of $8.6 billion.

Meanwhile, China’s influence spread to the Caucasus, where trade increased by 22% in 2024, totaling $6.5 billion, heavily favoring China. Azerbaijan and Armenia recorded surging imports from China, while their exports stagnated. Georgia saw moderate growth but struggled with a modest $276 million in exports to China.

Sri Lanka Guardian

The Sri Lanka Guardian is an online web portal founded in August 2007 by a group of concerned Sri Lankan citizens including journalists, activists, academics and retired civil servants. We are independent and non-profit. Email: editor@slguardian.org

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