Kazakhstan president outlines priorities of Kazakh-Chinese economic cooperation

kazakhstan_china_flags_090112-52b

NUR-SULTAN (TCA) — As part of his official visit to China, Kazakhstan President Kassym-Jomart Tokayev met with representatives of Chinese business circles in Beijing on September 11.

The Kazakh president stressed that over 27 years, Kazakhstan and China have established exemplary relations, strengthened comprehensive strategic partnership, the basis of which is a constant trusting dialogue at the highest level, the president’s press service reported.

Tokayev believes that the Kazakh-Chinese cooperation in the economic sphere has great prospects. He outlined the key priorities of the bilateral partnership and focused on the new challenges facing the business communities of the two countries.

According to the Kazakh president, priority should be given to deepening innovation and scientific and technical cooperation. He reaffirmed Kazakhstan’s interest in the implementation of joint projects with China in this dimension.

Tokayev also stressed that Kazakhstan has ample opportunities to attract Chinese tourists to the country, actively developing mutual business and recreational tourism. He urged the Chinese business community to create tourist centres in Kazakhstan that meet the Chinese “5A” standards.

Tokayev also spoke about the great prospects of Kazakh-Chinese cooperation in the financial sector. Mentioning the important role of the Astana International Financial Centre (AIFC) in this process, the president announced plans to establish RMB Connect mechanism on the basis of AIFC.

“RMB Connect will allow investing in yuan. I am sure that the new ecosystem will make a significant contribution to the spread of the Chinese yuan in the world and will become a new settlement and clearing centre for the Kazakh enterprises and the region for operations in yuan,” the Kazakh president said.

Representatives of major Chinese companies also spoke at the event, including Lu Yimin, CEO of China General Technology (Group) Holding Co, Ltd; Ning Yun, Vice-President of the Export-Import Bank of China; Zhang Shili, Chairman of the Board of the China-Eurasian Economic Cooperation Fund; Yong Qing Wang, Chairman of the Supervisory Board of China Construction Bank; Luang Zhicheng, Vice-President of COFCO Group; and Jin An, Chairman of Anhui Jianghuai Automobile Group Co Ltd.

Sergey Kwan

TCA