Translation. Region: Russian Federation –
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
Baku, January 31 /Xinhua/ — China's economic growth is opening up new opportunities to expand the potential of the Belt and Road Initiative and the Middle Corridor, which will benefit the entire region and allow more countries to join these projects, Azerbaijani economist and member of the Milli Majlis (parliament) Vugar Bayramov said in an interview with Xinhua.
China's economy is projected to grow by 5 percent in 2025, reaching 140.19 trillion yuan (approximately $20.01 trillion), meeting its annual target. Bayramov noted that the growth and stability of China's economy, the second-largest in the world, play a key role in the development of the vast region, including the South Caucasus.
As part of the Belt and Road Initiative and the Middle Corridor, China has supported numerous regional infrastructure projects, some of which have received financial assistance, the expert stated. He added that China's robust economic growth will continue to attract more countries to participate in these efforts to promote connectivity.
While acknowledging that uncertainty and tariffs continue to weigh on global growth, V. Bayramov noted that China's vast market provides partners with the opportunity to maintain stable trade ties, deepen regional economic cooperation, and develop logistics infrastructure.
"Regional countries, including Azerbaijan, have built strong relationships with China in various areas, including transportation and logistics. This cooperation is beneficial for both our countries and our peoples," our interlocutor emphasized.
According to him, as the main engine of global economic growth, China promotes inclusive economic globalization and remains committed to building an open global economy. The expert noted that the new development dividends generated by China benefit not only the global economy but also countries in the region.
Trade between Azerbaijan and China has grown significantly in recent years, stated V. Bayramov. He emphasized that during Azerbaijani President Ilham Aliyev's visit to China in 2025, the two countries established a comprehensive strategic partnership and signed a number of contracts in the renewable energy sector.
According to the economist, China's commitment to high-quality development through innovation and green transformation creates new opportunities for partners in the region. China's achievements in renewable energy are helping countries like Azerbaijan accelerate their own green transitions, he said.
"As the development of the Belt and Road Initiative and the Middle Corridor continues to gain momentum, China's strategic partnerships with regional countries will steadily strengthen. This means deeper cooperation, stronger ties, and stability in the region," concluded V. Bayramov.
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