BAKU, Azerbaijan, June 27. Kazakhstan held a
series of investment talks with leading Chinese industrial and
agribusiness companies in Urumqi.


This was reflected in a press release published by Kazakhstan's
Ministry of National Economy following meetings held by Deputy
Prime Minister and Minister of National Economy Serik Zhumangarin
with the management of several Chinese companies.


According to the ministry, one of the key meetings was held with
China Pingmei Shenma Holding Group Co., Ltd., which is considering
investing up to $1.5 billion in the construction of a full-cycle
coal chemical complex in Kazakhstan focused on deep coal processing
and high value-added products.


"We actively support coal chemical projects. We are ready to
facilitate the implementation of the project and work out financing
mechanisms jointly with the Baiterek holding and the Development
Bank of Kazakhstan. The Abai Region is also open to cooperation and
ready to offer sites for the project," Zhumangarin said.


According to the press release, China Pingmei Shenma Holding
Group and QazTrade signed a memorandum on strategic cooperation in
the development of Kazakhstan's coal resources and coal chemical
industry.







The ministry said Zhumangarin also met with Xinjiang
Zhongxinjian Animal Husbandry Co., Ltd. to discuss cooperation in
biotechnology, livestock breeding, veterinary pharmaceuticals,
irrigation technologies and deep agricultural processing.


"Today Kazakhstan is interested not in exporting live cattle,
but in supplying high value-added processed products. Creating
modern quality control and logistics infrastructure will
significantly increase exports of processed products to the Chinese
market," Zhumangarin said.


According to the ministry, the Kazakh side proposed establishing
a laboratory operating under Chinese standards, improving the
regulatory framework for exports and developing cross-border
logistics infrastructure. The parties also agreed to prepare
cooperation roadmaps and organize reciprocal expert visits to
advance the investment initiatives.


To note, China is one of Kazakhstan's largest economic partners.
Bilateral trade reached a record $48.7 billion in 2025, while
Chinese direct investment in Kazakhstan totaled $2.8 billion. The
two countries have set a long-term goal of increasing trade
turnover to $100 billion, with cooperation focused on industry,
transport, energy, agriculture and cross-border logistics.