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ASTANA (TCA) — Kazakhstan’s Halyk Bank on June 7 said it has entered into an agreement with China CITIC Bank Corporation Limited and China Shuangwei Investment Co., Ltd. for the sale of 60% of the share capital in JSC Altyn Bank, a wholly owned subsidiary of Halyk Bank. Continue reading
ASTANA (TCA) — Chinese President Xi Jinping and Kazakhstan President Nursultan Nazarbayev hope cooperation between the two countries will help rejuvenate the ancient Silk Road. They expressed so in inscriptions in a picture album on the two countries' scenery and cooperation under China-proposed Silk Road Economic Belt and Kazakhstan's Bright Road new economic plan, Xinhua reports. Continue reading
BISHKEK (TCA) — As Central Asian countries badly need foreign investment for their economic growth, and this investment could mainly come from China, we are republishing this article by George Voloshin, originally published by The Jamestown Foundation’s Eurasia Daily Monitor: Continue reading
BISHKEK (TCA) — China and Russia are Uzbekistan’s leading trade partners and investors, but in terms of investments in the Uzbek economy, China is slightly ahead of Russia. Uzbek President Shavkat Mirziyoyev is building relations with Eurasia’s two great powers, realizing that it is China that can offer more to Uzbekistan. We are republishing this article by Umida Hashimova on the issue, originally published by The Jamestown Foundation’s Eurasia Daily Monitor: Continue reading
ASHGABAT (TCA) — Wang Chen, vice chairman of China's National People's Congress Standing Committee, praised the fruitful cooperation between Turkmenistan and China under the Belt and Road Initiative during his visit to Turkmenistan on May 22-24, Xinhua reported. Continue reading
BISHKEK (TCA) — Following the recent summit in China about the One Belt, One Road (OBOR) initiative, new plans are emerging showing a clear discomfort from several countries and some popular opposition from various local communities in countries involved in the Chinese plan. If stability and security remain the pre-condition for a successful implementation of any project the present situation of conflict and competition toward OBOR does not augur well (see One Belt, One Road: A plan for Chinese dominance and authoritarianism, TCA, 20 May 2017). Continue reading
