China’s investments to Kazakhstan standing at $13 billion

China’s investments into the Kazakh economy reached $13 billion, KazTag Agency reports, citing Chinese Vice Minister of Commerce Jiang Yaoping as saying.“Mutual investments have been continuously rising. Chinese investments to Kazakhstan as of today stand at $13 billion”, he said when speaking at a sitting of the Kazakh-Chinese sub-committee for trade and economic cooperation.He pointed out that the actual Kazakh investments into 203 projects implemented within China stand at $48 million.“According to China’s statistics, trade turnover last year reached $24.95 billion, 22% up against 2010”, the Vice Minister said adding that Kazakhstan is the 2nd largest trade partner of China within the CIS.According to the Kazakh side, the 2011 trade turnover stood at $21 billion, 50% up against 2010.