Turkish - Chinese Rapprochement: Growing Chinese Investment in Türkiye
By Vusal GULIYEV, Head of Shanghai Office at AZEGLOB Consulting Group and Policy Expert at the Baku-based Topchubashov Center
Although Turkish - Chinese diplomatic relations periodically capture the global agenda due to their fragile aspects, examining the dynamics of economic relations in recent years reveals a different picture. While official Turkish - Chinese relations have been ongoing since 1971, the intensification of mutual economic cooperation dates back to the 2010s. Particularly, with the implementation of China’s Belt and Road Initiative (BRI), which encompasses 140 countries including Türkiye, the number of joint economic collaborations within the framework of international projects between the two countries has increased. Thanks to joint commercial projects carried out in recent years, China has become one of Türkiye’s largest investors and creditors. Chinese multinational companies continue to rapidly invest across various sectors of the Turkish economy. This article systematically analyses the commercial interests and investments of China, which has become one of the world’s largest investors and creditors, in Türkiye, considering the political-economic factors shaping Turkish - Chinese economic relations. READ MORE
| Markets | The Caucasus and the Black Sea
