Study on China’s Export Potential to Central Asia in the Background of the Belt and Road Initiative (Bri)

Abstract

In the context of COVID-19, international trade has been strongly affected, and it is of great importance to accelerate trade with countries along with the "Belt and Road Initiative" to achieve business transformation. This thesis uses the gravity model to measure export potential based on data from China and Central Asia from 2008 to 2018. In this thesis, we estimate the differences to examine the BRI's effect on China's export potential to Central Asia and other BRI countries along the Belt and Road routes. The results show that China's export potential to Central Asian countries increased significantly after the initiative, especially for product exports in capital-intensive industries. We also distinguished between different regions and saw a much stronger effect for the countries of the Association of Southeast Asian and West Asian Nations.

Dynamics of Regional Integration in Central Asia: A Case Study of Belt and Road Initiative

“…Additionally, the interactive influence of economic growth and trade liberalization has been identified as a driving force for regional economic integration in the Asia-Pacific region (Chen, 2020). Furthermore, the BRI has led to a significant increase in China's export potential to Central Asian countries, particularly in capital-intensive industries, indicating the potential for enhanced economic cooperation and development in the region (Meredov & Ma, 2023). The impact of transboundary water and energy problems on socio-economic development and stability in Central Asia has been highlighted, emphasizing the interconnected nature of resource management and regional stability (Guo et al, 2019).…”