Since 2015, direct investments from China have declined – what is the main reason?

Bishkek, Jan. 22, 2019. /Kabar/.Since 2015, direct investments from China to Kyrgyzstan have declined, Director of the Investment Promotion and Protection Agency of the Kyrgyz Republic Shumkarbek Adilbek uulu told at a press conference at the Kabar News Agency.

“If earlier we talked about investments from China in the amount of $ 500 million, then the figure dropped to $ 300 million, and today it’s already $ 120 million,” he said.

He noted that this is largely due to the fact that since 2015, China has been actively regulating the financial sector, which provided for an easy way to issue funds in banks or to receive a corporate amount.

"This affected the investors who could invest up to $ 5-10 million," he said.

Nevertheless, the head of the Agency stressed that China belongs to the top three investors in Kyrgyzstan.

“By the end of 2018, investments from China had amounted to 35%. China is actively investing in Kyrgyzstan, as the country is a member of the EAEU. Today, Chinese investors are creating industry here and exporting to countries of Eurasian integration,” he added.