Factors Affecting Chinese Enterprises' Investment in Central Asian Markets
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i3.2395
Abstract
This article uses empirical analysis to determine the factors that can actually attract Chinese companies in the Central Asian market, and then uses a simple econometric regression method to verify the relationship between them. The results of this study show that as the population and purchasing power of the host country increases, Chinese companies are more willing to invest in the region, and China's neighboring countries are expected to attract more Chinese investment than other countries. In addition, the increase in the number of newly developed products by Chinese small and medium-sized enterprises can also determine the ownership advantage of the enterprise, that is, the newer products an enterprise develops, the higher its chances of entering the Central Asian market.
Keywords
Chinese enterprises, central Asian market, factors
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[4]Feng Shushu. (2017). Research on the path of production capacity cooperation between China and Central Asian countries under the background of the Belt and Road Initiative. China Market (19), 3.
[5]Data from the National Bureau of Statistics of China, China Customs Statistical Yearbook of the General Administration of Customs of China, Statistical Communiqué of China's Outward Foreign Direct Investment by the Ministry of Commerce and the International Bureau of Statistics of the People's Republic of China.
[6]World Bank Group. World Development Indicators. 2024/04/01. Available from: https://databank.worldbank.org/source/world-development-indicators.
[7]International Monetary Fund. IMF Data. 2024/04/01. Available from: https://www.imf.org/en/Data.
[8]Antimonopoly Commission of Uzbekistan. Official website of the Antimonopoly Commission of Uzbekistan. 2024/03/21. Available from: https://antimon.gov.uz.
[9]Mukusheva Guljan. Informburo.kz. 2024/03/23. Available from: https://informburo.kz.
[10]Uzbekistan and China - a partnership for the prosperity of Central Asia. 20/05/2023. 17:42. UZ DAILY.
[11] Media group. Насколько Китай углубился в Таджикистан?.“ASIA-Plus” 2020.01.11”.
[12] Imamkulieva and Sun (2017). China highly appreciates the achievements of Turkmenistan over the years of independent development. "Zolotoi Vek".
[13] Bagtyyarlyk is a project at the Samandepe and Altyn Asyr fields. Internet portal "Neftegaz.RU"(2018).
[14] State News Agency of Turkmenist (2017). Online newspaper " Zolotoi Vek ".
[15] Dirk van der Kley,Niva Yau.(2020) How Central Asian countries pushed Chinese companies to localize.
[16] E.Beischenbeck. The refinery "Dzhunda" launched in Kara-Balta, Radio Azattyk, September 10, 2013.
[17] Sanzhar Eraliev, Altynken confrontation continues, Radio Azattyk, 12.01.2016.
[18] “Xizang Zhufeng 600338” [Tibet Summit 600338], Shanghai Stock Exchange Roadshow 15, 2021.
[19] Zarina Ergasheva, Workers of JV Zarafshon protest, Asia Plus, September 12, 2011.
[20] The practice of "true kung fu" in the construction of the Silk Road. Xinhua, August 21, 2016.
[21] China’s companies help implement projects in Tajikistan, Xinhua, June 10, 2019.
[22] Among them, c represents the country (one of the five Central Asian countries, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan or Turkmenistan), and t represents the time (year, 2005 to 2021).
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