Economic cooperation to increase between China and Azerbaijan | Eurasia Diary - ednews.net

21 September, Saturday


Economic cooperation to increase between China and Azerbaijan

Value of investment between China and Azerbaijan reached $2.5 billion

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Chinese investors invested more than $800 million in Azerbaijan’s economy, Deputy Minister of Economy Niyazi Mustafayev said at the trade and cooperation forum held between Chinese city of Xian and Azerbaijan in Baku, Report News Agency writes.

According to him, Azerbaijan invested $1.7 billion in Chinese economy either: ‘199 Chinese companies operate in Azerbaijan in trade, finance, industry, agriculture, construction and service’.

‘The trade turnover between Azerbaijan and China is $1.1 billion in the first five months of 2019, up 2.6% from previous year. The trade turnover in 2018 amounted to $1.3 billion’.

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