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After paying off the $8.1 billion loan owed to China, it gave a big gift

author:初八没烦恼

There is no trouble in the eighth day of the first month

Edit丨No worries about the eighth day of the first month

Preface

In the international environment, each country has its own "social", whether it is in the economy or other fields, and China also has many friendly countries.

Among these countries, there is such a very trustworthy country, which asked for China's help in difficult times, borrowed 8.1 billion US dollars, and after surviving the difficulties, paid off the loans, and gave a mysterious gift, which country is this country, and what is the mysterious gift?

After paying off the $8.1 billion loan owed to China, it gave a big gift

The most trustworthy country

With the development of China's Belt and Road Initiative, we have also had contacts with other countries on this road, especially on the road of infrastructure, China has also helped many countries to develop infrastructure, among which Turkmenistan is the most low-key.

First of all, from a geographical point of view, Turkmenistan is located in the heart of Central Asia, and not only that, but this country also has a lot of rich natural resources.

After paying off the $8.1 billion loan owed to China, it gave a big gift

Cultures are even more diverse, especially in terms of natural gas reserves, Turkmenistan is simply sitting on an infinite treasure, according to relevant data, Turkmenistan is the fourth largest country in the world in terms of natural gas reserves.

There are hundreds of natural gas fields, and the reserves of natural gas have even reached 50 trillion cubic meters, which can be said to be spread to all corners of the country, and the reserves of oil should not be underestimated.
After paying off the $8.1 billion loan owed to China, it gave a big gift

However, with such precious resources, Turkmenistan is still relatively poor, in large part because of the problems left over from history, in fact, Turkmenistan was among them when the Soviet Union was not liberated.

After independence, Turkmenistan adopted a policy of relative seclusion, with no interaction with other countries and little participation in international affairs.

After paying off the $8.1 billion loan owed to China, it gave a big gift

Seeing that the country's economy is facing great challenges, although it has countless treasured resources, but there is no money to exploit them, China has extended a helping hand to it.

Pay off China's 8.1 billion

Lacking the appropriate technology and abundant funds, Turkmenistan and China reached a cooperation, and the Chinese side first provided it with a loan of 8.1 billion US dollars, and also sent a corresponding technical team to help it technically.

After paying off the $8.1 billion loan owed to China, it gave a big gift

The billions of dollars in loans were used for some energy development equipment, and in the process, Turkmenistan was also influenced by Chinese technology, and they also learned some methods and technologies about natural gas energy extraction.

Since then, Turkmenistan's resource utilization and collection have also improved significantly, especially under the continuous exchanges between the two countries, the two sides have also reached the intention of friendly exchanges, and there is also a Central Asian gas pipeline.

After paying off the $8.1 billion loan owed to China, it gave a big gift

The establishment of this line is of great benefit to both countries, and such a valuable resource as natural gas is very important for any country, and the cooperation between the two countries can also greatly promote development.

According to relevant data, Turkmenistan alone transports 30 billion cubic meters of natural gas to China every year, which is not to be underestimated.

After paying off the $8.1 billion loan owed to China, it gave a big gift
Since 201, Turkmenistan's gross domestic product (GDP) has soared from an initial $12.7 billion to $77.25 billion in 2023, a growth rate of more than six times. The mainland also successfully repaid its US$8.1 billion debt.

For eight years, China's massive demand, which is the main sales market for Turkmenistan's natural gas, has also led to the development of Turkmenistan's natural gas market and injected new strength into their country.

After paying off the $8.1 billion loan owed to China, it gave a big gift

In addition, the cooperation between the two countries in the project has also helped Turkmenistan learn more advanced technologies that will be applied to better resources in the country.

There has always been good development between the two countries, and Turkmenistan is also very supportive of China's position, especially on the Taiwan issue, and they have openly stated that this is an internal matter of China and oppose other countries interfering in it.

After paying off the $8.1 billion loan owed to China, it gave a big gift

This public support for China has also greatly deepened the friendly exchanges between the two countries, and it is a testimony of friendship, and under the development of the Belt and Road Initiative, the two countries will be closely integrated in various fields, which is also a great gift from them.

summary

As for the problem of arrears, in fact, many countries have borrowed from China, but Turkmenistan has been able to repay the loans in good faith and sincerely engage with China.

After paying off the $8.1 billion loan owed to China, it gave a big gift

Especially in China's position, it does not interfere in China's internal affairs and opposes other countries' intervention, so that such a good partner can continue to interact with China, and I hope that under the framework of the Belt and Road Initiative, the two countries can develop better.

(Disclaimer) The process and pictures described in the article are from the Internet, and this article aims to advocate positive social energy and no vulgar and other bad guidance. If it involves copyright or character infringement issues, please contact us in time, and we will delete the content as soon as possible!

Primary sources

1. Originally published in the Central People's Government of the People's Republic of China 2023-01-06 - Joint Statement of the People's Republic of China and Turkmenistan (Full Text)

2. This article was originally published in the Ministry of Foreign Affairs of the People's Republic of China, November 2023 – "China-Turkmenistan Relations"

3. The original article was published in the State Administration of Taxation - "Tax Guide for Investment of Chinese Residents in Turkmenistan"

4. The original article was published in Tianyan News 2023-01-06 - "At the beginning of the presidential visit to China, energy cooperation has attracted great attention, and China and Turkey have joined hands to promote the docking of the Silk Road"

5. The original article was published in the Ministry of Foreign Affairs of the People's Republic of China on 2023-01-03 - "Turkmenistan President Serdar Berdymukhamedov will visit China"

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