Sergei Glazyev: The EAEU and China are forming a new contour of regional economic development
The Eurasian Economic Union (EAEU) and China are forming a new regional economic development framework. Key points:
According to Sergey Glazyev, Minister of the Eurasian Economic Commission, the EAEU and China are shaping a new regional economic development contour amid the unprecedented transformation of the global economic architecture and the formation of a new technological and economic order.
The EAEU is one of the world's most dynamically developing integration associations, with a 3.7% increase in its combined GDP in 2023, higher than the global average.
At the thematic roundtable "The Eurasian Region Presents New Economic Opportunities" during the China Fair, issues of aligning the Eurasian integration project and China's "One Belt, One Road" initiative were discussed in detail.
Glazyev stated that the rapid growth of trade between the EAEU and China has become sustainable, but cooperation and joint investments are necessary to maintain it.
The potential for cooperation between the EAEU and China in areas such as technological innovation, green development, and trade and economic cooperation was highlighted.
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