Nazarbayev pays state visit to China

Nursultan Nazarbayev went to China with state visit, Tengrinews correspondent reports.

The President of Kazakhstan arrived in Beijing on August 30 and will stay in China until September 3. He is taking part in top level nigotiations and attended the parade in Beijing to commemorate the 70th anniversary of the Victory.

Photo courtesy of Akorda.kz

On the eve of the trip, a spokesman for the President Dauren Abayev emphasized the fact that to his knowledge Nazarbayev was the only leader making the state visit to China these days and not just attending the parade.  

The Kazakh President came to meet with Chinese President Xi Jinping to discuss cooperation amid the titening global economic situation and see high level agreements in industry, investment, energy and logistics signed.

The question of synchronizing transport projects Nurly Zhol and the New Silk Road are also on the agenda. In addition, the President is meeting Chinese Premier Li Keqiang and the heads of the largest corporations in China.

Photo courtesy of Akorda.kz

Nazarbayev has already attended a meeting with CITIC Group leadership. Chairman of the Board of Directors of the corporation Chang Zhenming said he was very glad to see the Kazakh president.

According to the press service of Akorda, they talked about implementation of joint investment projects and furthering the company's participation in the infrastructure development of Kazakhstan in the framework of its Nurly Zhol anti-crisis infrastructure development project.

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"Over the years of our joint work, we have gained considerable experience in working with you.CITIC has achieved positive results on the market. We are now entering a new era, we have new projects and new challenges," Nursultan Nazarbayev said.

The press service of Baiterek holding company said that CITIC Group agreed to jointly participate in the Kazakhstan Infrastructure Fund that target the capital of $600 million. Under the agreement at least $300 million should be spend on sponsoring projects in Kazakhstan.

The Kazakh side agreed to cooperate with the Chinese Fund for the Silk Road - Silk Road Fund Co. This has to do with industrial and innovative development, as well as information technologies. The Fun expressed willingness to consider the possibility of concluding an agreement on financing of industrial projects in Kazakhstan in the amount of $2-3 billion.

Photo courtesy of Akorda.kz

Another agreement sees China Development Bank participating in financing of a plant for the production of wind power devices in Almaty Oblast.

The President of Kazakhstan also met with the chairman of Tsinghua Huo Qinghua and chairman of CNPC Wang Yilin.

"With CNPC’s participation we are developing the Kashagan field, modernizing the Shymkent refinery, constructing oil and gas equipment complex in Mangistau Oblast and laying Beineu - Bozoi gas pipeline. Of course, these projects are of  great importance and will be at the core of the talks with the chairman Xi Jinping," Nursultan Nazarbayev said at a meeting with the leaders of CNPC.

By Dinara Urazova