China's Experience in Scaling Up Renewable Energy Capacity is Important for Central Asian Countries - Analysis
EDB analysts have outlined several promising areas for Chinese investments in this region:
manufacturing industry,
energy (including renewable energy sources),
transport and logistics,
agro-industrial complex.
The energy sector, especially in the field of renewable energy sources, has become a symbol of global leadership for China, as the country ranks first in installed capacity for solar and wind generation, as well as in construction rates and innovations in equipment manufacturing.
EDB analysts emphasize that Chinese experience in this area is extremely important for many countries in the Eurasian region, especially considering their high energy intensity and the aging of energy facilities built during the Soviet era.
"In Central Asia, the need to modernize and expand energy infrastructure is driven by high economic growth rates and a growing population," researchers point out.
According to data, since 2016, Chinese investments in energy projects in this region have shown accelerated growth.
Forecasts indicate that the interest of Chinese investors in this sector will remain relevant in the coming years.
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