Kazakhstan is expanding its trade and economic ties with China. Astana hosted the week of the Chinese province, Shandong. Representatives of the two countries held dozens of business meetings and their main goal is to discuss cooperation in green technologies, trade, logistics, tourism and culture. Shandong is one of the most densely populated and economically developed provinces of China. With a population of 100 million people the gross regional product of the province amounts to US$1 trillion. As a result of discussions, the Kazakh Investment Cooperation Agency and the Permanent Committee of the People's Assembly of Shandong Province signed memorandums of cooperation. Moreover, the mayor’s offices of South and North Kazakhstan regions and the cities of Linyi and Dongying signed the memorandums of cooperation, too.

 

JEM XIAN, SPOKESMAN, OIL AND GAS COMPANY, QINGDAO, CHINA:

 - In 2015, our company has already entered Kazakhstan’s market. Then we started the implementation of the project on desalination of sea water. Now our work is concentrated in South Kazakhstan region, where the construction of a solar power plant of 200 megawatt is underway.

 

DAUREN ZHANDARBEK, DEPUTY GOVERNOR, NORTH KAZAKHSTAN REGION:

- We signed a memorandum with a Chinese company from this province that intends to set up the plant in the format of a free economic zone and a logistics company that intends to subsequently attract other producers who will open various kinds of production in the territory of this plant. The project already has factories for production of bearings, plants for processing agricultural product and waste. In the future, exports to China, Russia and Europe are considered.

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