Chinese-Turkish relations, friendship and increased investment

  • Created At: April 6, 2020
  • Updated At: February 5, 2021
  • Category: General
  • Views: 4344

The Turkish and Chinese peoples enjoy remarkable historical relations and common neighborhood ties. According to the “Orkhon” inscriptions, and according to historical evidence, the Turks descended to the geographical areas adjacent to China extending from northeastern China in the east to the Caspian Sea in the west, represented today by the republics of Kazakhstan, Turkmenistan, Uzbekistan and Kyrgyzstan. Chinese antiquities and sources also show the presence of the Turks in China in the sixth century AD through the great “Gok Turk” empire.

 Both the Turkish and Chinese peoples have an ancient civilization in Far East, Middle and Far West Asia, and both civilizations have made great contributions to humanity in the economic and cultural fields by protecting the historical Silk Road between East and West.

Contemporary Relationships:

 Diplomatic relations between Turkey and China were established in 1934. The Republic of Turkey recognized the People's Republic of China in 1971, and Turkey recognizes the People's China as the sole legitimate representative of China. It is known that the People's Republic of China is the most populous and densely populated country in the world, with a population of 1,340,000, and an area of ​​9,670,000 km2; Today, it is considered one of the most important countries in the world and its economy

It is the second in the world, with a total GDP of $13.61 trillion in 2018, according to the World Bank, while the Turkish economy ranks 16th in the world with rapid growth and a promising future.

Distinguished achievements and future prospects:

 Turkey and China share the same current and future vision in several areas, achieving important results, the most important of which are:

-Their leading international and regional role, and their support for a new world order whose features are taking shape, a multipolar system based on international law and centered on the United Nations. In this regard, Turkey strongly supports the “Belt and Road Initiative” (Türkçe: Kuşak ve Yol Girişmi, Eng. Belt and Road Initiative) to link China with Europe through other Asian countries via Turkey. This initiative is a very large Chinese project launched in 2013 to be on the ruins The Silk Road, which existed in the nineteenth century, and which represents the largest infrastructure project in human history, and can direct global trade to China, this project received the support of 126 countries, represented by railways to Georgia, then Azerbaijan, and across the Caspian Sea to Turkmenistan, Kazakhstan, China; Within the framework of this project, there are basic Turkish infrastructures represented in the Yavuz Selim Bridge on the Bosphorus, the Eurasia tunnels under the Bosphorus, the Çanakkale Bridge on the Dardanelles, and high-speed train lines.

-Supporting free trade and economic cooperation between the two countries, and promoting their growth through:

Turkey seeks to increase the volume of annual trade exchange with China initially to 50 billion dollars, which is double the current level, and then to 100 billion dollars. Chinese investment in Turkey today is of particular importance. In recent years, Chinese investors have made important investments, as the number of Chinese companies operating in Turkey has reached nearly a thousand,” according to the data of the Turkish Ministry of Economy for 2018. In this regard, it stands out among the most important Chinese investments in the field of infrastructure Infrastructure The “Honotlu” thermal power plant project in Adana, Turkey, at a cost of $1.7 billion, to be added to the Chinese “Belt and Road” project.

Turkey also hosts the second largest research and development center for the Chinese giant Huawei. In return, Turkish exports of agricultural products to China have increased, and Turkish companies, especially logistics companies, have begun targeting the Chinese market.

 Chinese investors acquired the Turkish port of Compport, and entered the real estate investment field through the establishment of five-star luxury hotel projects, the most important of which is an international hotel under construction that offers an attractive investment offer for investors with a long-term profitable return for twenty years in US dollars. In an important investment of $ 594 million, the China Commerce and Industry Bank bought the second highest tower in Istanbul ( Tower 205), which won a European award for the best office and best building, as well as “increasing real estate investments that make the Chinese among the first in the list of foreign buyers of Turkish real estate recently.”

 China has lent a helping hand to Turkey during its recent difficult economic times, as a Chinese state bank loaned Turkey $3-6 billion when the value of the Turkish lira fell sharply against the US dollar due to a diplomatic row with the United States of America.

-Achieving important joint gains in the field of tourism, the number of Chinese tourists in Turkey in recent years has increased significantly,

Noting that China has declared 2018 the year of tourism in Turkey, and the two countries aim to achieve the goal of "one million Chinese tourists in Turkey".

Despite the significant development of relations between Turkey and China, what is said about China's treatment of the Muslim Uyghur minority, which has religious and linguistic ties with the Turks, casts a shadow over these relations. Nevertheless, China made a proposal to address this file, aware of Turkey's importance and its strategic position as a gateway to Europe and as a central country in the Islamic world.

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