BAKU, Azerbaijan, July 16. China invested over
$30 billion in Kazakhstan's economy.


This was announced by the press service of the Kazakh President,
citing Kassym-Jomart Tokayev's remarks at the meeting with
representatives of the Chinese business community in Shanghai


According to the press service, addressing the forum, President
Tokayev expressed appreciation to the Chinese business partners and
underlined that bilateral relations have reached a qualitatively
new level, marking the beginning of a new "golden thirty years" of
Kazakh-Chinese cooperation. The Kazakh leader extended his
gratitude to Chinese President Xi Jinping for his personal
commitment to solidifying the strategic ties between the two
nations.


"Last year, bilateral trade volume reached $49 billion, a record
high. China invested over $30 billion in Kazakhstan's economy.
Currently, more than 8,500 enterprises with Chinese capital are
successfully operating in Kazakhstan. Among them, such major
companies as CNPC, CITIC, and Huawei are particularly noteworthy.
We highly value the significant contribution of Chinese businesses
to the modernization of the Kazakh economy. In recent years, our
countries have successfully implemented numerous important joint
projects. As a result, we have created jobs, introduced advanced
technologies, and strengthened industrial cooperation," the press
service says, citing Tokayev's statements.







The President pointed to several ongoing joint ventures as
evidence of this industrial synergy, including the construction of
a large-scale gas chemical complex with Sinopec, a deep corn
processing plant with Fufeng Group, and a modern cotton-textile
cluster with Lihua Group. Furthermore, Chinese automotive
manufacturers continue to expand their manufacturing footprint in
Kazakhstan. Local facilities are already assembling HOWO, Yutong,
and JAC vehicles, while a joint multi-brand plant for Changan,
Great Wall Motor, and Chery was launched last year.


President Tokayev emphasized that these joint initiatives
demonstrate a shared commitment to innovation, advanced technology
transfer, and industrial modernization, ensuring sustainable
economic growth for both countries.