President Shavkat Mirziyoyev met with a delegation of leading Chinese companies and financial institutions on the sidelines of the Tashkent International Investment Forum. The meeting focused on new investment projects in energy, mining, infrastructure, and finance.
The Chinese delegation was led by Wang Hongzhi, head of China’s National Energy Administration. It included executives from China Energy Engineering Corporation, China Datang, Sinoma Energy Conservation, China Southern Power Grid, China CAMC Engineering, China National Nuclear Corporation, and State Nuclear Uranium Resource Development. Representatives of the Export-Import Bank of China and Bank of China also attended.
According to Uzbekistan’s presidential press service, the talks focused on high-tech projects in the energy and geological sectors, as well as cooperation in banking and finance.
Mirziyoyev welcomed the rapid growth of Uzbekistan-China economic ties. Since the beginning of the year, bilateral trade has exceeded $6 billion, while direct Chinese investment in Uzbekistan has surpassed $8 billion. Nearly 6,000 joint ventures involving Chinese partners are operating in the country.
Renewable energy projects formed a major part of the discussion. Chinese companies are already involved in building solar and wind power plants, as well as energy storage systems, across Uzbekistan.
Participants supported plans to accelerate ongoing projects and launch new initiatives. These include expanding photovoltaic power generation capacity, introducing agrivoltaic technologies that combine agriculture and solar energy production, and building new transmission lines.
The meeting also covered cooperation in waste-to-energy generation and advanced technological solutions, including modern data centers.
In mining and geology, officials discussed joint exploration and development of mineral deposits. They also reviewed long-term partnerships in the supply of critical raw materials.
Financial cooperation was another key topic. Participants reviewed opportunities for Chinese banks to support infrastructure projects, irrigation modernization, high-speed road construction, hydropower development, agricultural machinery supplies, and financing for small and medium-sized businesses.
Earlier this year, the third Uzbekistan-China Interregional Forum in Xi’an resulted in more than $3.5 billion in investment and export agreements, including $3.35 billion in investment projects and $156 million in export contracts. Officials said the agreements would support infrastructure modernization, transport development, environmental services, and industrial production.
Speakers at the Xi’an forum said bilateral trade reached nearly $18 billion last year, while accumulated Chinese investment in Uzbekistan totaled $17 billion.
