TRANSFORMATION OF CHINESE INVESTMENT STRATEGIES IN CENTRAL ASIA: DYNAMICS, RISKS, AND SUSTAINABLE DEVELOPMENT

Abstract

The article examines the evolution and current trends of China's investment policy in Central Asian countries. Particular attention is paid to the structure, dynamics, and sectoral distribution of Chinese investments, the key mechanisms and tools of their implementation, as well as new trends such as green and digital investments. The study identifies the main economic, social, and environmental effects of Chinese capital in the region, and analyzes the risks and challenges associated with debt and technological dependency. The article concludes with recommendations aimed at enhancing the effectiveness and sustainability of investment cooperation between China and Central Asian states.