Kazakhstan and Chinese companies sign new cooperation agreements

ASTANA (TCA) — On September 25-26, the First Deputy Prime Minister of Kazakhstan Askar Mamin paid a working visit to Beijing, China where he held talks with the First Vice Premier of the State Council of the PRC, co-chairman of the Kazakhstan-China Cooperation Committee Han Zheng, and also held a number of bilateral meetings with the heads of major Chinese investment, financial, industrial, construction, transport and logistics corporations on the implementation of joint investment projects, the official website of the Prime Minister of Kazakhstan reported.

“Thanks to the leaders of the two states — President Nursultan Nazarbayev and Chairman of the People’s Republic of China Xi Jinping, Kazakhstan and China have achieved a high level of cooperation across the spectrum of bilateral relations. The conjugation of the programs Nurly Zhol and Economic Belt of the Great Silk Road ensure a high level of investment cooperation between the two countries,” Mamin emphasized at the meeting.

According to the First Deputy Prime Minister of Kazakhstan, China is one of the main trade partners of Kazakhstan. Trade turnover between the countries in 2017 increased by more than 30%. High dynamics, which is typical for 2018, will help achieve the task set by the heads of the two states — to bring the volume of trade up to $20 billion.

During the meeting, Mamin noted the important role of the Kazakhstan-China Cooperation Committee in strengthening the comprehensive strategic partnership between the two countries.

To date, Kazakhstan and China are implementing 51 joint projects in the field of industry, transport and logistics worth about $28 billion. Successful implementation of these projects will create a number of large-scale productions, whose products will be delivered to the world’s leading markets. An agreement was reached on the joint implementation of new 11 projects worth $1.9 billion.

During his working trip to Beijing, Mamin held talks with the management of the companies CITIC Group, China Xin Xing Group Co., YTO Group Corp., Jiangxi Copper Company, Jiaxin Investment Resources, China Energy Engineering, CSI Solar Power Group, China CAMC Engineering Co ., LOVOL HEAVY INDUSTRY, China Energy Engineering Corporation, and China General Nuclear Power Group.

At the meeting with Head of COSCO Shipping Corporation Huang Xiaowen and Chairman of the Port of Lianyungang, issues of development of transcontinental transportation and further development of the joint terminal and FEZ Khorgos – East Gate were discussed.

With Head of China Construction Bank Wang Zuji, Mamin discussed cooperation in the financial sector. Mamin expressed the desirability of participation in the Astana International Financial Center (AIFC) of the “Big Six” of Chinese banks in financing projects under the One Belt, One Road initiative.

In Beijing, Askar Mamin also met with the leaders of the provinces of Henan, Sichuan and Chongqing.

A number of documents were signed during the working trip to China.

Akimat (administration) of Kazakhstan’s Kostanay region, JSC NC Kazakh Invest and HKC Corporation Limited signed a Roadmap for the implementation of the project “Construction of a TV production plant in the territory of Kostanay Industrial Zone for 2018-2019.” The construction of a plant to produce TV sets in Kostanay will begin in 2018. The planned capacity is 3 million units per year. The planned investments at the initial stage are $50 million. The target market for the products is the CIS countries.

National railways company Kazakhstan Temir Zholy (KTZ), Huawei International Co. Ltd. and Ili Baitexing Commercial Trading Co. Ltd. signed an Agreement on the development of e-commerce.

JSC Agromash Holding KZ, Lovol Heavy Industry, NC Kazakh Invest and YTO signed a Roadmap for the implementation of the project “Production of agricultural and road construction equipment.”

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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