Number of Chinese enterprises operating in Uzbekistan surpasses 1,600

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TASHKENT, Dec. 15 (Xinhua) — The number of Chinese companies operating in Uzbekistan has reached 1,611 as of Dec. 1, second only to Russia in the number of foreign entities in the Central Asian country, information on Uzbek State Statistic Committee website showed.

Chinese companies are involved in the areas of oil and gas exploration, pipeline transport, infrastructure building, telecommunications, textiles, chemicals, logistics and agriculture, according to the statistics committee.

China is one of Uzbekistan’s largest trading partners. Last year, China-Uzbekistan trade surged 48.4 percent year-on-year, reaching 6.26 billion U.S. dollars.

Statistics show that enterprises operating with foreign capital in Uzbekistan are mostly from Russia, China, Turkey, South Korea, Kazakhstan and other countries. Their investments are concentrated in industries, foreign trade, construction and agriculture.

Uzbekistan has been opening up its economy and carrying out reforms in the last two years to attract foreign direct investment. President Shavkat Mirziyoyev has tasked the government with increasing foreign direct investment up to 4.2 billion U.S. dollars in 2019.

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