Financial Integration via Belt and Road Initiative: China–Turkey Cooperation

Abstract

The aim of this article is to review the progress made in the Belt and Road Initiative (BRI) in Turkey. Turkey and China both are the emerging economies of the world. They have similar ambitions for development. Turkey aims for “Vision 2023 goals” and China follows its “Destination 2049” goals. The BRI can bring them together to build a prosperous common future. However, both countries have different characteristics. This cooperation can be sustained in a more congruent way by exploring the existing opportunities and risks involved. In this context, some relevant questions are raised: how can cooperation between China and Turkey be strengthened? What are the opportunities and risks in this initiative? What are the expectations of these two countries? In this article, Turkey–China economic cooperation under the BRI will be analyzed. Some suggestions will be made for boosting cooperation between them.