March 28, 2015
China expands its economic ties with an important partner for its Silk Road Economic Belt project.
If China and Russia are warring for influence in Kazakhstan, as Arthur Guschin argued in a recent piece, then China just upped the ante. With Kazakh Prime Minister Karim Masimov in China in advance of the Boao Forum, he and Chinese Premier Li Keqiang oversaw the signing of 33 deals worth a whopping $23.6 billion.
According to Xinhua, the deals include projects in the “steel, non-ferrous metals, sheet glass, oil refining, hydropower and automobile” industries. Li praised the deals as a sign of the complementary nature of the Chinese and Kazakh economies.
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