China's initiative (BRI) through both land and maritime routes, will surely promote open markets, global trade, integration of foreign policy and mutual dependencies for international prosperity.
"Coordination of development policies, forging infrastructure and facilities networks, strengthening trade investments/relations,"(Yew, 2018).
Kazakhstan, Central Asia, is the largest landlocked country in the world, rich in natural energy resources. Thus, China was swift to claim ports here. Khorgos Gateway, which is near the Chinese Kazakh border — a key trade hub which even dates to ancient times. Though over the centuries it began to lose economic value and withered into nothingness.
President XI of China seeks to restore its value with the BRI. President XI and Chairman Nazarbayev of Kazakhstan are talking negotiations to forage a "Special economic zone." The largest dry port: strategic investment for the Chinese.
The function of the gateway is to hold cargo for various trains, rather than ships. Kazakhstan investors are now seeing positive results. Although, not all are on board with Chinese motives. (Shaw, CNBC, 2018)
Comments