Kazakhstan and China agree on new economic projects

ASTANA (TCA) — Kazakhstan’s Prime Minister Bakytzhan Sagintayev paid an official visit to China on November 22. In Beijing, President of the People’s Republic of China Xi Jinping received the Kazakh Prime Minister. Sagintayev also held a meeting with Premier of the State Council of China Li Keqiang, as well as a number of meetings with heads of major Chinese companies, the official website of the Prime Minister of Kazakhstan reported.

During the intergovernmental talks with Premier of the PRC State Council Li Keqiang, the parties discussed further strengthening and deepening bilateral trade and economic, transport and logistics, infrastructure, industrial and innovative cooperation, as well as prospects for expanding cooperation in the areas of investment, digitalization, industry, metallurgy and mechanical engineering, energy and tourism.

Sagintayev invited Chinese companies to actively work with the Astana International Financial Center, where the new exchange infrastructure had been launched, and to participate in the privatization program.

In Beijing the Prime Minister of Kazakhstan also held a number of bilateral meetings with representatives of the largest innovative companies on cooperation and implementation of joint projects for technological re-equipment of the Kazakh economy, development of construction, agriculture and metallurgy.

During the official visit to Beijing, the following Kazakh-Chinese intergovernmental and commercial agreements were signed:

– Memorandum of Understanding on Production of Electrolytic Manganese in Kazakhstan’s Karaganda Region between the Akimat (administration) of the Karaganda region, Kazakh Invest NC and Horgos Xingbang;
– Memorandum of Understanding for Implementation of Synthetic Paraffin Production Project between JSC Condensate, Kazakh Invest NC and CITIC Construction;
– Agreement on Cooperation on the Project to Create Mining, Chemical and Metallurgical Complex based on the Tymlay field in Kazakhstan between TENIR Logistic LLP and Youbang Innovative Investment Limited;
– Agreement on Joint Implementation of Wind Power Plant Construction Project in the Akmola region between Zhel Electric LLP and Universal Energy Ltd.;
– Memorandum of Understanding on the Sugar Beet Processing Plant Construction Project between JSC Pavlodar and CNOOD Asia Limited;
– Agreement on Cooperation for Implementation of the Project for the Development of Tungsten Deposits “Northern Katpar” and “Upper Kairakinskoye” between the Akimat of Karaganda region, JSC Tau-Ken Samuryk NC and Xiamen Tungsten;
– Agreement on Basic Transaction Terms on the Project for the Construction of an Ammonium Paratungstate plant in the Karaganda region between JSC Tau-Ken Samuryk and Xiamen Tungsten.

Sergey Kwan


Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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