Economy of Kyrgyzstan in the Framework of the Integration Strategy for Silk Road Revival

Abstract

In this study, an assessment of the need and the effectiveness, as well as the prerequisites for the integration of the Kyrgyz economy into the implementation of the Chinese strategy for the revival of the Silk Road has been made. The main directions and mechanisms of the dynamic development of the economy of Kyrgyzstan in the context of deepening integration are considered. 
 To this end, the current level of trade, as well as the economic and investment cooperation between Kyrgyzstan and the People's Republic of China (PRC) are examined. Measures are outlined to ensure a balance in the foreign trade turnover of Kyrgyzstan with the PRC, and to increase the Kyrgyzstan's export potential.
 In this context, positive and negative trends in the bilateral cooperation for the implementation of large infrastructure projects are identified. Guidelines for expanding mutually beneficial economic cooperation in the field of farming and processing of agricultural products are determined. Recommendations to strengthen the mutually beneficial economic cooperation in the development of hydro-power resources of Kyrgyzstan, the implementation of transport and transit projects, and the construction of international logistics centers are proposed.