Labour in China is expensive, so instead of waiting for governments to act Chinese companies are just directly stepping in and lifting neighbouring economies’ infrastructure up enough to offshore production lol
China is moving forward with a variety of investment and infrastructure projects in Central Asia designed to boost exports to the region and beyond.
In Uzbekistan, Chinese executives are seeking to tighten their grip on the electric vehicle market. The Chinese firm Henan Suda signed a deal earlier in December with Uzbekistan’s Energy Ministry to build upwards of 50,000 electric vehicle charging stations around the country by 2033. Already in 2024, 2,500 charging stations are to be constructed. The project is projected to serve about 700,000 electric vehicles when fully built-out. During the first 10 months of 2023, China exported over 20,000 electric vehicles to Uzbekistan.
This is more like they want to export more ev so they build more stations/infrastructures.
Chinese company, Gezhouba Group Cement Co., Ltd., has signed an agreement worth $220 million to build a cement plant in the Almaty region. In addition, China is mulling a 110 million-euro investment in a major hospital project.
Cement and hospitals, classically known as things used to boost EV consumption
Labour in China is expensive, so instead of waiting for governments to act Chinese companies are just directly stepping in and lifting neighbouring economies’ infrastructure up enough to offshore production lol
People only read the headline /smh
This is more like they want to export more ev so they build more stations/infrastructures.
Cement and hospitals, classically known as things used to boost EV consumption