Kazakh President Kassym-Jomart Tokayev participated in the Kazakhstan–China Business Council in Beijing, where more than 70 commercial agreements worth over $15bn were signed, RFE/RL’s Kazakh Service reported on September 2.

Tokayev highlighted China’s $27bn cumulative investment in Central Asia's largest economy, stressing that “representatives of Chinese business can find reliable partners in Kazakhstan.”

During his visit, Tokayev met Shen Yanfen, director general of the China National Nuclear Corporation (CNNC), which is set to build Kazakhstan’s second ordered nuclear power plant. The president expressed confidence in CNNC’s technological expertise and ability to implement the project. Tokayev also met Ni Zheng, director of Energy China, which is interested in constructing new north–south power transmission lines.

China’s involvement in Kazakhstan’s infrastructure and energy development has expanded in recent years. The China-led Asian Infrastructure Investment Bank (AIIB) has invested $2bn in projects including a large wind power plant in Zhambyl Region, the Zhezkazgan–Karaganda highway, and a multi-purpose hospital in Kokshetau. Tokayev discussed future cooperation with AIIB president Jin Liqun during the trip.

Other Chinese companies are also strengthening their presence in Kazakhstan. Fujian Hengwang Investment has built a metallurgical plant in Zhambyl Region, Jiaxin International has established a tungsten processing plant at the Buguty deposit in Almaty Region, and China Glass has opened a glass plant in the country.

New projects include a car manufacturing facility in Almaty, a plant of electric bus producer BYD, and ongoing work by Tianjin Rail Transit on the Astana LRT project.

 

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