Saturday, 13 February 2016

Can China Really Save Central Asian Economies? (Casey Michel, The Diplomat)

Ever since the Eurasian recession began in earnest — or, predating that, when it was clear that Russia’s economic engine would stall under Vladimir Putin’s third term — there has nonetheless been a source of hope for Central Asia’s economies: China. On the backs of China’s One Belt, One Road (OBOR) platform, Beijing has stepped in to provide Central Asian economies with the necessary trade, transport, and internal investment to offset a reeling Russia and sinking hydrocarbon prices. For the past few years, China has stood as the region’s economic trump card — a rising Chinese tide would, as the regional governments assumed, raise their fortunes as well.

http://thediplomat.com/2016/02/can-china-really-save-central-asian-economies/

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