RESEARCH ON THE CONSTRUCTION OF REGIONAL ECONOMIC COOPERATION MECHANISM BETWEEN CHINA AND UZBEKISTAN UNDER THE BELT AND ROAD INITIATIVE

Abstract

Affected by the COVID-19, the global industrial chain supply chain will show a certain degree of contraction in the future for a long period of time, so international and regional economic cooperation will become more important. Under the "the Belt and Road" initiative, the construction of the economic cooperation mechanism between China and Uzbekistan has good conditions, but also faces various problems, including the differences in the economic systems of the two countries, how Uzbekistan formulates development strategies in the new period and improves its infrastructure. The problems faced by China and Uzbekistan in the construction of their economic cooperation mechanism should be solved under the framework of the "the Belt and Road" international economic cooperation. The construction of their trade cooperation mechanism can also be strengthened by increasing exports to China and improving the trade structure. The docking with the Eurasian Economic Union and other multilateral and bilateral cooperation mechanisms should also be strengthened. This typical case provides enlightenment on how to strengthen the construction of international economic cooperation mechanism under the framework of the "the Belt and Road".