Kazakhstan and China: Deepening cooperation
The trade turnover between Kazakhstan and China was estimated at US$18 billion in 2017. The effective work of joint projects contributed to the indicators. Nearly 300 enterprises and almost 1500 companies with the participation of Chinese capital were registered in Almaty.
This is an automated production lines for bottling tomato paste. The system works without interruptions and defect. All equipment is made in China. The company established mutually beneficial cooperation with China 20 years ago. Today the company occupies almost half of the domestic market in its segment and exports goods to Kyrgyzstan, Russia and Afghanistan.
ALMA MUKAHSEVA, MANAGING DIRECTOR:
- We are modernizing and automating the line. The Chinese partners are of great help. They pick up our equipment in China. Even to the fact that if we approve it we conclude a contract with this manufacturer. Then their engineers come to us and make installation and commissioning with our specialists.
According to the National Chamber of Entrepreneurs in Almaty, the Chinese business is interested in investing in Kazakhstan’s food industry.
ALMA TURLYBAYEVA, HEAD, CHAMBER OF ENTREPRENEURS IN ALMATY:
- The Chinese businessmen approved a number of projects. To date, several Chinese investors plan to come during the first quarter and work on their interested projects with applicants. I think this is a good result. Everything is organized as part of the One belt, One Road Initiative.
The Chinese Hu Quay Company also picked up the initiative of cooperation on the Silk Road. The company produces the oil and gas measurement instruments. The enterprise partners with the United States, Vietnam, India, Bangladesh and Indonesia. Today Kazakhstan is in the list of the company’s partners.
WANG QIANG, DEPUTY CEO, HU QUAY TECHNICAL COMPANY:
- The company was established in Kazakhstan in Almaty in January 2018. Today, the registration stage in Kazakhstan is taking place. 5 employees work in the company’s office. We mainly analyse, test the oil and gas measurement instruments as well as we deliver and repair them.
Today China is one of the main economic partners of Kazakhstan not only in terms of the number of joint ventures, but also in terms of the volume of direct foreign investments and allocated loans. There are great prospects for the transit and transport sector. According to the results of the year, high indices are expected in this sector.