BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
By

XIAN, (China): Chinese President Xi Jinping hailed a “new era” of ties with Central Asia on Thursday, kicking off a summit Beijing hopes will deepen relations with the strategically vital region.

Held in the ancient Chinese city of Xi’an, the historic eastern end of the Silk Road that linked China to Europe through Central Asia, Beijing has said this week’s meeting is of “milestone significance”.

And in a speech to the region’s leaders at a welcoming banquet Thursday evening, Xi said strengthening ties was a “strategic choice”.

“I am confident that with our joint efforts, tomorrow’s summit will be a full success and will herald a new era of China-Central Asia relations,” Xi was quoted as saying in a readout of the speech seen by AFP.

“Join us in opening up a bright future of China-Central Asia cooperation,” he said.

This week’s meeting is the first of its kind since the establishment of formal relations 31 years ago.

Beijing says trade with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan reached $70 billion in 2022 and expanded 22 percent year-on-year in the first quarter of 2023.

Central Asia has also become key to China’s trillion-dollar Belt and Road Initiative, a defining geopolitical project for Xi, with Beijing keen to restart cooperation and fill the vacuum left in former Soviet states by Russia’s war in Ukraine.

China, the world’s second-largest energy consumer, has invested billions of dollars to tap natural gas reserves in Central Asia, while rail links connecting China to Europe criss-cross the region.

Comments

Comments are closed for this article.