18 May 2023 13:16

Kazakhstan, China sign agreements worth $22 bln during Tokayev's visit

ASTANA. May 18 (Interfax) - Kazakhstan and China signed 47 agreements worth $22 billion during Kazakh President Kassym-Jomart Tokayev's visit to China, Tokayev's press service said following a Kazakh-Chinese investment round table.

"Last year, bilateral trade reached a record $31 billion. China is one of the five largest investors in the Kazakh economy with total investment amounting to $23 billion," the head of state was quoted as saying.

Tokayev said that despite the challenging economic situation in the world, trade and economic relations between Kazakhstan and China continue to develop dynamically.

The Investment Roundtable was attended by top managers of CITIC Group, China National Petroleum Corporation (CNPC), Asian Infrastructure Investment Bank, POWERCHINA, China General Technology Holding (GENERTEC), COFCO Jin Liu, Xuzhou Construction Machinery Group (XCMG), JD Group, Sun Seven Star Investment Group, Xian Aiju Grain and Oil Industrial Group, and Great Wall Motors.