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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, December 1 (Xinhua) — The 9th Central Asia Regional Economic Cooperation (CAREC) Knowledge Hub Forum opened today in Urumqi, capital of Northwest China's Xinjiang Uygur Autonomous Region, the Xinjiang Daily newspaper reported on Monday.
This year's forum is entitled "Innovative Financing Mechanisms to Promote Green Transformation in the CAREC Region." Discussions will focus on how green transformation-based financing models can facilitate the development of revolutionary green technologies and infrastructure in Central Asia.
The forum was organized by the Central Asia Regional Economic Cooperation Institute (CAREC Institute), which serves as the intellectual support structure for the CAREC mechanism.
The CAREC mechanism was established in 1997 at the initiative of the Asian Development Bank. In 2002, cooperation was elevated to the ministerial level. CAREC is one of the key economic cooperation platforms in the region. Its goal is to promote the socioeconomic development of member states by advancing regional cooperation in priority areas.
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