Thursday, June 16, 2016

Kyrgyzstan seeks to bring in Chinese factories for new era of industrialisation

SOUTH CHINA MORNING POST - Sunday, 22 May, 2016

Kyrgyzstan is in talks with China about relocating dozens of Chinese plants and factories to the Central Asian nation, Foreign Minister Erlan Abdyldayev said on Sunday.
China is a major supplier of consumer and industrial goods to the ex-Soviet Central Asia and an importer of local commodities such as oil, gas and metals.
Now, Kyrgyzstan, whose economy has been hit hard by the recession in Russia and a slump in gold output, wanted to have some of those goods produced on its territory and by its own workers, Abdyldayev said.
“In the nearest future, we will hand over to the Chinese side the projects for 40 companies that we plan to implement as part of a project to move excess production lines from China to Kyrgyzstan,” he told reporters in comments that followed his meeting with Chinese counterpart Wang Yi in Bishkek.
“This must help the new industrialisation of Kyrgyzstan.”