塔吉克

Chinese cash softens fallout from Russia

Tajikistan, one of the world’s poorest countries, is counting on an influx of Chinese investment to cushion its economy from the reverberations of sanctions-hit Russia.

China is to invest at least $6bn in Tajikistan over the next three years, Jamoliddin Nuraliev, the country’s deputy finance minister, says in an interview with the Financial Times.

The planned investment – equivalent to two-thirds of Tajikistan’s 2013 gross domestic product and more than 40 times annual foreign direct investment – is the latest sign of China’s economic expansion into former-Soviet central Asia, as it seeks to secure natural resources and ensure stability in a region Chinese expatriates call Beijing’s “wild west”.

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