The Belt and Road Initiative is a new impetus for the development of the Central Asian region

Abstract

The article examines China’s global economic and logistics project “One Belt– One Road”. The long-term project is aimed at promoting the economic integration of the Central Asian region. The concept proposed by the PRC shows that China’s political relations are not aimed at creating an alliance against any countries. The global project provides transparency in terms of economic interaction. China demonstrates its readiness to coordinate this initiative with the development strategies of other parties and the mechanisms of its regional cooperation. The structural basis of the Chinese project is that all participants use a winning format of cooperation. In the economic analysis of the concept, it becomes obvious that the countries located in the belt and road zone have rich resources, their economic bases complement each other and have great potential and space for the development of cooperation. The Central Asian countries have a great transit potential. Due to its geographical location in the center of Eurasia, Kazakhstan can connect Europe and China by land transport. Get the opportunity to become a major logistics center for cargo flows from Uzbekistan, Turkmenistan, Afghanistan, Iran and receive income from the transit of cargo transportation. Beijing may strengthen its influence in Central Asia and block the cargo flow from Southeast Asia to Europe. An additional advantage of the project is significant financial resources to. In the course of the study, the author tried to determine the economic mechanisms and political patterns of the global Belt and Road project ten years after the publication of the mega project.