Research on Economic and Trade Cooperation Problems and Countermeasures between China and Turkmenistan

Abstract

Since the establishment of diplomatic relations between China and Turkmenistan in 1992, the two countries have made remarkable achievements in economic cooperation. Especially after the "one belt and one way" strategy was put forward, the economic and trade cooperation between China and the mainland was given new significance of the times. In this context, this paper makes an in-depth study of China Turkmenistan economic and trade cooperation. This paper first briefly introduces the economic development of Turkmenistan, then summarizes the history and current situation of economic and trade cooperation between China and Turkmenistan, and focuses on natural gas as a case study. Next, it analyzes the advantages and disadvantages of the economic and trade cooperation between China and Turkmenistan, and puts forward the countermeasures. Finally, the prospect of future economic and trade cooperation between China and Turkmenistan is given.

Analysis and forecasting of the dynamics of fuel trade between Turkmenistan and China using the autoregressive integrated moving average (ARIMA) model

“…China and Turkmenistan have extensive economic and trade cooperation, particularly in the natural gas sector. China receives more than 90% of Turkmenistan's total gas exports [12] . The collapse of gas prices has influenced this trade relationship, causing Turkmenistan to experience a currency crisis.…”

“…The null hypothesis asserts that the residuals are normally distributed. Formula for the JB statistic: (12) Where:  n is the number of observations,  S is the skewness coefficient,  K is the kurtosis coefficient.…”