Agriculture, Commodities, Emerging Markets, Energy, Frontier Markets

China, Kazakhstan Sign 33 Deals Worth $23 Billion

Chinese Premier Li Keqiang (right) with Kazakh Prime Minister Karim Masimov (left) on March 27, 2015. Photo courtesy of Xinhua.

Chinese Premier Li Keqiang (right) with Kazakh Prime Minister Karim Masimov (left) on March 27, 2015. Photo courtesy of Xinhua.

China and Kazakhstan have signed 33 deals of cooperation worth $23.6 billion on Friday during the Kazakhstan Prime Minister Karim Masimov’s visit to China, Chinese state-run Xinhua news agency reports.

The agreements signed by Kazakh Prime Minister Karim Masimov and Chinese Premier Li Keqiang cover cooperation on steel, non-ferrous metals, sheet glass, oil refining, hydropower, and automobile production.

Li called for more cooperation in sectors such as railway, nuclear energy, energy, and agriculture.

Li also called on the two countries to be innovative in the ways they cooperate by taking market demand as a guide while strengthening coordination of policy making.

Masimov said that Kazakhstan is ready to further deepen the comprehensive strategic partnership with China and strengthen exchanges and cooperation in all areas.

Chinese President Xi Jinping also met with Masimov on Friday at the Great Hall of the People in Beijing.

Xi said that the China-Kazakhstan comprehensive strategic partnership has experienced rapid development and that the two sides should enhance mutual understanding of each other’s policies, increase strategic mutual trust, and push forward cooperation between the two countries.

Xi said that China and Kazakhstan are at a crucial stage of development and suggested that the two countries build a community of shared interests and destiny.

Xi called on the two countries to strengthen cooperation on key projects, the transfer of manufacturing capacity, finance, the Silk Road Economic Belt initiative, and Kazakhstan’s “Bright Road” initiative.

Kazakhstan hopes to beef up cooperation with China through the platform of the Asian Infrastructure Investment Bank and the Silk Road Fund, Masimov said.

Discussion

One thought on “China, Kazakhstan Sign 33 Deals Worth $23 Billion

  1. Reblogged this on bnnmurali.

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    Posted by bnnmurali | March 29, 2015, 6:54 pm

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