Sino-Turkish Strategic Economic Relationship in the 21st Century

Abstract

China and Turkey, two emerging powers, share similar ambitious goals and developing targets; common interests of the two are increasing and the demands for strategic and economic cooperation are also growing. This article argues that the dynamic development of Sino-Turkish economic relations has got new strategic significance amid rising of the two countries in the 21^st century. The strategic significance of Turkey’s economy to China lies in the following aspects: there is great economically cooperative potential between the two countries in view of economic power and momentum; as the principle members of emerging powers, both of them have growing common interests in global economic transformation and governance reform; Turkey plays an increasingly important role in the evolution of Eurasian geo-economic structure as well as the construction of Silk Road Economic Belt. There are fruitful strategic contents for Sino-Turkish economic relationship; bright prospects can be predicted in bilateral cooperation in aspects including trade, investment, finance and global economic governance. Looking ahead, China should pay more attention to Turkey’s importance and make great efforts to build bilateral strategic economic relationship.

Keywords: China, Turkey, Rise, Strategic Economic Relationship