Chinese President Xi and Kazakh President Nazarbayev Advance Trade Deals and Development
12 June 2017
June 11 (EIRNS)—Chinese President Xi Jinping signed with Kazakhstan President Nursultan Nazarbayev at least 24 deals worth $8 billion while in Astana, Kazakhstan for the Shanghai Cooperation Organization summit, Chinese Commerce Minister Zhong Shan said June 9. In the terms of the deal, both sides agreed to push for progress in cooperation in energy, mining, chemicals, mechanical manufactoring, agriculture, and infrastructure, China’s Zhong said, according to Xinhua.
Among the deals’ features: China will supply Kazakhstan advanced super-computer equipment, while Kazakhstan will gain entry for its frozen mutton into China.
In 2015, China and Kazakhstan signed 33 deals worth $23.6 billion, covering areas ranging from hydropower to steel.
China and Kazakhstan are now harmonizing the Kazakh "Bright Path" new economic policy with China’s Belt and Road Initiative.
While many countries, with excitement, claim that they are a new "hub" for the BRI, Kazakhstan genuinely is such a hub. Many of the emerging rail links that connect from China to the Middle East and Europe, except those that go directly north from China, pass through Kazakhstan. Kazakh President Nazarbayev has met a dozen times each separately with Russian President Putin and Chinese President Xi; Xi announced the Belt and Road Initiative from Astana in September 2013.
Astana is also the current seat of the Russian and other nations’ diplomacy to end the British-French-launched war in Syria.