Cooperation between Kazakhstan and People’s Republic of China in the field of industrialization and investment was discussed in Beijing
The 14th meeting of the Kazakh-Chinese joint commission on cooperation in the field of industrialization and investment was held in Beijing, «Kazinform» Agency informed.
The Vice-Minister for Investments and Development of the Republic of Kazakhstan Arystan Kabikenov headed Kazakhstan delegation, the Chinese delegation was headed by the Deputy Chairman of the National Development and Reform Commission (NDRC) of the People’s Republic of China Ning Jizhe.
During the meeting, the parties discussed the implementation of the program for the development of production capacities in Kazakhstan (51 projects). The agreement that President of Kazakhstan Nursultan Nazarbayev and the Chairman of the People’s Republic of China Xi Jinping were reached in 2015.
The parties discussed the development of the cooperation program in the field of industrialization and investment, heard reports from the representatives of the Development Bank of China, the Silk Road Fund, and exchanged views on further steps to develop cooperation in non-resource sectors of the economy, digitalization, green and other high technologies.
“At present, we are studying the issues of further joining the development programs of China and Kazakhstan. In this regard, Nursultan Nazarbayev's present Address to the people of Kazakhstan is very interesting, which we have thoroughly studied and which opens great opportunities for interaction between the two countries in the fields of digitalization, industrialization, development of clean energy sources and other industries,” said the Deputy Director of Planning Department of the Development Bank of China Hu Dongsheng.
“Having studied Nursultan Nazarbayev's Address to the People of Kazakhstan “New Opportunities in the Conditions of the Fourth Industrial Revolution”, we drew attention to such important plans of your state for the development of industrial innovation, the green economy and other advanced industries. We agree that mankind has entered a new stage that requires reforms in the industrial sphere,” said Deputy Chairman of NDRC of People’s Republic of China's Ning Jizhe at the 14th meeting of the Kazakh-Chinese Joint Commission on Cooperation in the Field of Industrialization and Investments.
The most important, in the opinion of NDRC, the special aspects of the ongoing reform in Kazakhstan, Ning Jizhe, called the close linkage of the issues of industrialization with the development of the Internet, digitalization, green and “smart” technologies.
“China, as well as Kazakhstan, pays much attention to the development of these areas of the economy - we have developed programs “Made in China-2025” and “Internet +”. Now, Chinese smart technologies have begun to advance to the forefront in the world. And we are ready to share our experience, and also to include projects in the field of digitalization and smart technologies in the joint program of development of production capacities in Kazakhstan,” he stressed.
It should be reminded that the National Development and Reform Commission (NDRC) of the People’s Republic of China is a committee of the State Council of the People's Republic of China, which is responsible for macroeconomic regulation, the definition of medium- and long-term development strategy, pricing policy (including investigation of price monopoly agreements), promoting regional development, improving the industry structure of China's economy , issuing permits for the implementation of major investment projects in China and the main foreign investment projects of Chinese investors, the implementation of Strategies for sustainable economic development.
Within the framework of industrial and investment cooperation between Kazakhstan and China, 51 joint large-scale projects are envisaged for a total amount of over 26.2 billion dollars. These are projects in the chemical industry, mining and metallurgy, engineering, infrastructure, energy, agro-industrial complex, light industry, oil refining, construction materials and information technologies.
Also, within the framework of the two-day visit to Beijing, B2C meetings of Arystan Kenzhetayevich with the leaders of such large Chinese companies-investors as China Power International Holding, China Telecom, Shanghai Electric Corp., YTO Group, COSCO Shipping Lines, NFC, NORINCO International and others were held in Beijing.
