Deputy Prime Minister of Kazakhstan Serik Zhumangarin held a meeting with First Vice Chairman of the All-China Federation of Industry and Commerce Shen Ying, the press office of the Prime Minister of Kazakhstan reports.
The interlocutors noted the high level of interaction between Kazakhstan and China, particularly in trade and economy.
“China is traditionally the largest trading partner and among the top 5 investors in Kazakhstan’s economy,” Serik Zhumangarin emphasised.
Last year, bilateral trade increased by 30 percent to reach $41 billion, and in the first half of the year, it increased by 20 percent. Since 2005, China has invested about $25 million in Kazakhstan. Last year, China’s investment was up 15% to reach $1.6 billion.
Zhumangarin suggested promoting cooperation in the agro-industrial sector, including the construction of sugar factories and grain processing plants, and pledged support for these projects.
