Central Asian countries and China signed more
than 35 memoranda worth over $17 billion during the second meeting of the
Central Asia-China Business Council in Astana. The event brought together more
than 1,000 delegates from Kazakhstan, other countries in the region, and China.
The agreements aim to foster practical cooperation in the real sectors of the
economy and attract Chinese investments into new areas.
«Our Council for the Promotion of
International Trade is ready to support Chinese companies in their intention to
invest in Central Asia and implement projects in key sectors such as energy, mechanical
engineering, and infrastructure, as well as to explore new areas including modern
agriculture, renewable energy, automotive manufacturing, digital economy, and
more,» noted Ren Hongbin, Chairman of the China Council for the Promotion of
International Trade.
One of the priorities of the Kazakhstan–China
partnership remains the development of green energy. The two countries intend
to localize the production of renewable energy components and lay the
foundation for large-scale energy projects in Kazakhstan. According to
representatives of the National Chamber of Entrepreneurs, the first results of
the partnership in the sector are expected by yearend.
«The relevant plans for the development of
renewable energy have already been presented to Chinese partners, including auctions
of the Ministry of Energy and large private gigawatt-scale projects in southern
Kazakhstan. I can see that projects like GRES-4, or possibly even starting with
GRES-3 in Ekibastuz, will be built to ultra-supercritical specifications. And
of course, the cooperation between the Kazakh and Chinese economies in nuclear
energy,» said Zhakyp Khairushev, Managing Director of the Atameken National
Chamber of Entrepreneurs.
Related Articles
