Over the past 16 years, China has surpassed Russia as the leading foreign investor in Tajikistan, contributing nearly twice the amount Russia has invested. Data from Tajikistan’s State Committee for Investments and State Property Management indicates that Chinese investments have reached $3.85bn, compared to Russia’s $1.85bn.
China’s investment presence in Tajikistan began in 2007, following the signing of the Treaty on Good-Neighborliness, Friendship, and Cooperation between the two countries.
This agreement laid the groundwork for a steady increase in Chinese economic influence. Investment flows accelerated in 2011, after the two countries resolved longstanding territorial disputes, creating a foundation for expanded economic ties.
By 2017, China had outpaced Russia, which had historically been Tajikistan’s largest investor. Although Chinese investments declined sharply in 2020 due to the COVID-19 pandemic, they rebounded strongly in 2021. In 2022, China set a new record with $463mn in investments, with a 93% of these funds being direct investments.
Since 2007, China has emerged as the clear leader among international investors in Tajikistan, contributing $3.85bn in total. Russia, now a distant second, has invested $1.85bn. Other countries have also played roles in Tajikistan’s economic development, with Kazakhstan contributing $1.21bn, the United States $808mn, and the United Kingdom $805mn.
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