As the world navigates a period of significant change, China and Kazakhstan stand out as pillars of stability and growth within the Shanghai Cooperation Organisation (SCO) and the Belt and Road Initiative (BRI). The upcoming 24th SCO Council of Heads of State meeting in Astana on July 3-4 marks another milestone in their enduring partnership, with Chinese President Xi Jinping making his fifth visit to Kazakhstan.
Since Kazakhstan's independence over three decades ago, the bilateral trade between China and Kazakhstan has skyrocketed from a modest $370 million in 1992 to an impressive $41 billion in 2023, representing 28.3% of Kazakhstan's total trade volume. This explosive growth not only surpasses the ambitious $40 billion target set for 2030 but also underscores the strength of their strategic partnership.
China's investment of $25.3 billion in Kazakhstan from 2005 to 2023 has firmly established Kazakhstan as China's largest trading partner in Central Asia. This investment has driven economic benefits on both sides, fostering development and innovation across various sectors.
Within the SCO framework, both nations collaborate on a wide range of issues, including regional security, economic development, and technological advancement. Their joint efforts have been instrumental in expanding the SCO's reach and enhancing its effectiveness in promoting peace and stability in the region.
Innovation remains at the heart of China-Kazakhstan cooperation. Kazakhstan's "Bright Road" economic policy seamlessly integrates with the Silk Road Economic Belt, paving the way for new collaborative ventures. The China-Kazakhstan (Lianyungang) logistics cooperation base is a testament to this synergy, transforming Kazakhstan from a landlocked nation to a land-linked hub with a new maritime route to the Pacific. This development not only boosts Kazakhstan's connectivity but also reshapes the geopolitical and economic landscape of Eurasia.
Together, China and Kazakhstan are pioneering the creation of a digital, green, and health-focused Silk Road, exemplifying their commitment to building a global community with a shared future. Their partnership serves as a model of pragmatic and comprehensive collaboration, setting the stage for continued growth and mutual prosperity.
Reference(s):
New pragmatic and promising chapter of China-Kazakhstan cooperation
cgtn.com
