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China's investment activates kazakhstan's development potential

China's investment activates kazakhstan's development potential

  • Categories:Industry News
  • Author:
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  • Time of issue:2020-03-31 14:57
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China's investment activates kazakhstan's development potential

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

China is kazakhstan's fourth largest source of investment. Since September 2013, when President xi jinping proposed the silk road economic belt initiative in kazakhstan, China's investment in kazakhstan has continued to increase rapidly. The two countries have signed 51 capacity cooperation projects under the "One Belt And One Road" framework, totaling more than $26 billion. During the "One Belt And One Road" initiative and the integration of the new economic policies of kazakhstan's "bright road", Chinese enterprises have been warming up to kazakhstan.

In June, President xi jinping was invited to visit kazakhstan for the third time. The two leaders jointly signed the joint statement, and opened a comprehensive list of contents to draw a clear and magnificent blueprint for pragmatic cooperation in all areas of the two countries. Guided by the blueprint, bilateral cooperation will surely benefit the two peoples.

Fill multiple industry gaps

Kazakhstan has become China's largest trading partner in central Asia and the first major investment in "One Belt And One Road". Trade between China and kazakhstan has increased almost 40 times since the beginning of the establishment of diplomatic ties. China has invested $42.8 billion in kazakhstan. China's ambassador to kazakhstan Zhang Hanhui said in an interview with the media: "Chinese enterprises investing in the first electrolysis plant of kazakhstan, the first large scale hydropower station, the china-kazakhstan lianyungang logistics cooperation base to obtain the port for the asia-pacific region." In recent years, with the investment of China, the cooperation projects that have been able to go down in history have become a reality in kazakhstan and witnessed the prosperity of the two countries.

It is a local oil refining company located in the middle of kazakhstan in the Caspian sea of kazakhstan. As the resources of the largest cooperative projects between the two countries, harry and the asphalt up joint venture company expectations, put into production, not only fully met the demand for asphalt road construction, and changed the oil extraction powers because of refining technology development lags behind, have the embarrassing situation of crude oil in exchange for asphalt.

In April, the much-anticipated second phase of the china-kazakhstan natural gas pipeline, known as the hanan line, was completed. Pipeline will have rich natural gas resources, the western region and the populous south connected, let history of nearly half the kazakhs farewell without gas, is a standard form of the people's livelihood project. "We no longer need to ask other people to supply gas," said Mr Nazarbayev, referring to the project's significance.

In kazakhstan, like harry and the asphalt joint venture company, to change drastically present situation of a certain industry development of Chinese enterprises and there are many: located in almaty china-kazakhstan joint koren (kazakhstan) pharmaceutical companies can produce more than 20 drugs, annual production of more than 30 million bottles, was the largest in the country and even the central Asia pharmaceutical factory; In April this year, by CNPC to participate in the investment of the construction of the kazakhstan's first large diameter steel pipe manufacturing enterprises - Asian steel pipe co., LTD., based in almaty, according to introducing, enterprises put into production after will fill the blank of the kazakhstan large diameter steel pipe products and similar products imports will reduce 60%; China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. 's Construction of kazakhstan electrolytic aluminum plant, casting the first aluminum ingot in the country's history, ended the history of kazakhstan's production of electrolytic aluminum.

President of kazakhstan directly affiliated to the national policy of the institute for willy ulrich, Columbus, Ken told reporters that China's modernization in the field of multiple industry investment will help kazakhstan, to promote to realize the strategy of "kazakhstan - 2050" is of great significance. "Kazakhstan's development cannot be separated from China's investment, and it is hoped that more and more Chinese investment will enter kazakhstan under the 'One Belt And One Road' framework."

Improving transit capacity

Chinese investment has provided important support for kazakhstan's infrastructure construction. Admire the first President of the foundation, director of the institute of world economics and politics salter nazarbayev told reporters that China's proposed "area" initiative involved in railway, highway, port logistics, oil and gas pipelines and other infrastructure, and the path to "light" the development of the new economic policy target height. China's financial capital advantage, technical expertise and some heavy industry capacity have played an active role in upgrading old infrastructure in kazakhstan. Anhydrous port of Chinese capital support, huoerguos border cooperation and trade center, west highway projects, such as double has become a new important growth point of bilateral economic and trade cooperation between the two countries, "the project will have a multiplier effect" on regional economic growth.

Budukov thermal power is a spokesman for the national equity corporation of kazakhstan's horgos international border cooperation center. The beginning cooperation center construction has been working here, young man has witnessed a cross-border transport, border trade with the change of thoroughly remould oneself - 2012, the china-kazakhstan border kazakhstan side besides checkpoints tower, what also have no, is a desert. Over the past five years, with the arrival of Chinese investment, modern office buildings, hotels, shops and supporting residential areas have sprung up. It has developed into a comprehensive international trade center integrating processing, manufacturing, transit, financial services and leisure and entertainment functions. "The border cooperation centre has long been one of the preferred places for university graduates in kazakhstan."

Ye lijiang, general manager of hareca tourism, is a direct beneficiary of the Chinese investment boom. Now, there are more and more Chinese enterprises in the business investigation and exhibition, and the company is doing very well. "Welcome Chinese money into the tourism industry," he told reporters excitedly. There are a lot of local mountains and water shows and scenic spots, but the infrastructure is relatively backward. If Chinese capital can enter, it will greatly promote the development of local tourism industry.

Kazakstan ivanov, an expert on international issues at the university of Germany, elaborated on his views from the perspective of kazakhstan's national development strategy. He told reporters that because of its geographical location, ha has been developing transportation infrastructure and improving transit capacity as a national development strategy. However, due to the disrepair of the roads in China, the capacity of Harbin is very limited. Since the "One Belt And One Road" initiative, Chinese funds have been in the field of infrastructure construction. These valuable funds have activated kazakhstan's transport potential, making it a distant destination for transit hubs in Eurasia. It is fair to say that Chinese investment has injected strong impetus into kazakhstan's economic development.

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