China fosters closer ties with Eurasian countries in support of “One Belt, One Road” Initiative

Chinese Ministry of Commerce spokesman Shen Danyang announced on 5 May 2016 that China has fostered closer economic ties with countries in Eurasia, China’s top export destination for excess capacity and equipment.

To date Chinese firms have set up 23 economic trade and cooperative zones in such countries - 18 in Russia, 2 in Georgia and 1 each in Belarus, Tajikistan and Uzbekistan. China seeks to assist these countries to spur economic growth and restructure their industries through the “One Belt, One Road” initiative.

According to Shen, the Ministry of Commerce will provide guidance, assistance and services to strengthen cooperation with Eurasian countries in production capacity.

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