THE "ONE BELT, ONE ROAD" PROJECT AS A STRATEGY OF CHINA AND ITS IMPACT ON THE INVESTMENT CLIMATE IN UZBEKISTAN

Main Article Content

Tursunboyeva Khursidabonu Tolibjon qizi

Abstract

This article examines the impact of the Chinese initiative "One Belt, One Road" (OBOR) on the development of the investment climate in Uzbekistan. The author reveals the historical prerequisites and theoretical foundations of the project, considering it a modern continuation of the ancient "Silk Road." The main focus is on key aspects of OBOR implementation, including the modernization of transport infrastructure, the development of energy projects, and the introduction of financial and credit mechanisms that promote the growth of small and medium-sized enterprises. The work demonstrates how these measures allow Uzbekistan to diversify its economy and reduce dependence on the traditional agricultural sector, while simultaneously strengthening its role in regional and global trade and logistics networks. The institutional environment determining the prospects for cooperation with China is also analyzed, and recommendations are provided to enhance the efficiency of OBOR implementation, taking into account localization and technology transfer. It is concluded that with a comprehensive approach to the development and management of projects within the framework of OBOR, Uzbekistan has a unique opportunity to accelerate economic reforms, increase the competitiveness of domestic producers, and lay the foundations for long-term sustainable growth.

Article Details

How to Cite
Tursunboyeva Khursidabonu Tolibjon qizi. (2025). THE "ONE BELT, ONE ROAD" PROJECT AS A STRATEGY OF CHINA AND ITS IMPACT ON THE INVESTMENT CLIMATE IN UZBEKISTAN. Galaxy International Interdisciplinary Research Journal, 13(1), 82–89. Retrieved from https://internationaljournals.co.in/index.php/giirj/article/view/6174
Section
Articles

References

Below is a list of references formatted according to GOST R 7.0.5–2008 (with some adaptations for English-language sources).

Luzyanin S.G., Sazonov S.L. The Economic Belt of the Silk Road: 2015 Model // Observer. — 2015. — No. 5 (304). — pp. 40–43.

Luzyanin S.G., Sazonov S.L. Op. cit. — P. 42–43.

Safronova E.I. New Aspects of China's Economic Diplomacy in Northeast Asia and the Asia-Pacific Region and Regional Security // Problems of Security Provision in Northeast Asia: Regional Dimensions and Russian-Chinese Cooperation. — Moscow: IDV RAN, 2015. — pp. 73–87. 5.Basic information: Bukhara Wind Project [Electronic resource]. — Access mode: VK document https://vk.com/doc358527_437355940?hash=MpMfJdJWOre6CzQcvpVSZfUBbuDeILfZpxeQ7pdegU8 (date of access: 20.12.2024).

Andijan Hydroelectric Power Station [Electronic resource]. — Data from the Hydroproject of the Republic of Uzbekistan. — Access mode: https://beta.gidroproekt.uz/object/andizhanskaya-ges/ (date of access: xx.xx.xxxx).

The concept of "One Belt, One Road" [Electronic resource]. — RBC Trends. — Access mode: https://trends.rbc.ru/trends/social/6308bea09a7947ff4889b9b6 (date of access: xx.xx.xxxx). 8.Huang Y. Understanding China’s Belt and Road Initiative: Motivation, framework and assessment // China Economic Review. — 2016. — Vol. 40. — P. 314–321. 9.Liao Y., McDowell D. No reservations: International order and China’s new global financial initiatives // Review of International Political Economy. — 2019. — Vol. 26 (2). — P. 307–332. 10.Callaghan M., Hubbard P. The Asian Infrastructure Investment Bank: Multilateralism on the Silk Road // China Economic Journal. — 2016. — Vol. 9 (2). — P. 116–139. 11.Pomfret R. The Central Asian Economies in the Twenty-First Century: Paving a New Silk Road. — Princeton: Princeton University Press, 2019. — 328 p. 12.Dossani R. A New Silk Road across Central Asia: Economic and Cultural Implications // Asian Survey. — 2019. — Vol. 59 (5). — P. 829–851.

Chen X., Zhao L. China Railway Tunnel Group in Central Asia: Technical Cooperation and Infrastructure Development // Journal of Infrastructure, Policy and Development. — 2020. — Vol. 4 (1). — P. 56–69.

Zhang M. Road connectivity and trade in Belt and Road economies: Empirical analysis // Eurasian Geography and Economics. — 2021. — Vol. 62 (2). — P. 210–229.

Lin B., Xu B. Energy investment and economic growth in China: A Granger causality analysis // Energy Economics. — 2018. — Vol. 70. — P. 220–228.