ASTANA, Kazakhstan, February 9. President of
Kazakhstan Kassym-Jomart Tokayev and head of Hong Kong-based Sunwah
Group Jonathan Choi held talks on future areas of cooperation,
Trend reports via the
press service of the Kazakh president.
The sides concentrated on exploring opportunities for
collaboration across various sectors such as finance, energy,
digitalization, healthcare, agriculture, and construction.
President Tokayev emphasized Kazakhstan’s strong commitment to
the development of its strategic partnership with China. He
highlighted the successful implementation of the "Belt and Road
Initiative" (BRI), which was first introduced in Astana in 2013 by
Chinese President Xi Jinping.
The Kazakh president noted the dynamic growth in trade and
economic ties between the two countries, emphasizing that China is
Kazakhstan’s largest trading partner, with bilateral trade
consistently reaching new records.
A particular focus of the meeting was on investment cooperation.
President Tokayev underlined Kazakhstan’s ongoing efforts to create
favorable conditions for foreign investment and provide
comprehensive support for joint strategic projects.
He also pointed out that the world is entering an era of rapid
development of artificial intelligence, where China is a global
leader. In this regard, he expressed Kazakhstan's interest in
enhancing practical cooperation with China in this field.
For his part, Jonathan Choi praised Kazakhstan’s status as an
attractive and reliable investment jurisdiction, particularly in
the financial sector.
Sunwah Group is a Hong Kong-based conglomerate with businesses
in eight principal areas, including seafood, real estate, financial
services, technology, infrastructure, education, media, and green
technology, with operations in mainland China, Macau, Japan, ASEAN
countries, North America, Europe, and Australia.
Investment cooperation between China and Kazakhstan encompasses
over $27 billion in Chinese investments since 2005, with bilateral
trade projected to reach approximately $44 billion in 2023-24. Key
sectors include energy, infrastructure, industrial ventures, and
technology, with major projects driven by the Belt and Road
Initiative. Highlights consist of significant investments in
renewable energy, infrastructure upgrades for logistics, and
collaborations in finance and education.
This partnership is propelled by geographic proximity, strategic
alignment towards regional stability and connectivity, and a shift
towards diversified economic engagements beyond oil, with a goal to
substantially increase trade by 2030.
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