Kazakhstan and China agree on currency swapsAccording to National Bank’s Vice Chairman Bissengali Tadjiyakov, the measure is necessary given the robust growth of the bilateral trade turnover: the current figure stands at $20 billion and is set to triple by 2015.
Chinese President Hu Jintao arrives in Kazakhstan The Chinese leader is expected to have talks with President Nazarbayev and Prime Minister Karim Massimov and to attend the 10th anniversary summit of the Shanghai Cooperation Organization to be held in Astana June 15.
Almaty to see a public rally against Chinese expansionThe fact that for the last two years Kazakhstan’s companies and enterprises have borrowed about $20 billion is of growing concern: Bulat Abilov, co-chairman of Azat Party.