Pavlodar – Shanxi, business to business

The delegation from Pavlodar region, arrived in the People’s Republic of China, met with the business community of Shanxi Province. In Pavlodar region the Chinese investors were interested in inexpensive electricity, which is cheaper than in Shanxi in 6 times, and preferences of the special economic zone “Pavlodar”.

Top-managers of 30 enterprises of the province and representatives of the financial institutions took part in the meeting. Shanxi puts in great efforts for integrated development in coal mining, power generation, coking, production of mining equipment and coal-chemical industry. Engineering industry, modern coal-chemical industry, production of new materials and industry for processing of specific food products are developed rapidly. The sales income of advanced equipment – CNY 141.8 bln” deputy head of the local development and reform committee Chen Tszen said.

“Our regions are engaged in coal mining and chemical production. I think that there is a good potential for cooperation between our province and your region”, he added.

“Two regions are the leaders in coal mining in our countries. However, statistics shows that over the past 5 years, consumption volumes have reduced by 10%. Therefore, deep coal processing becomes important today and you have experience in it.  We know that Shanxi province has successfully used the technology of coal-to-gas conversion and in further – liquid fuel. The experience of your companies in these issues is very important for us”, Bulat bakauov noted.

During the meeting, the head of the Pavlodar regional branch of the company “Kazakh Invest” Olzhas Ryskeldy told about investment attractiveness and export opportunities of Pavlodar region.

For reference: In Shanxi Province there are 3716 industrial enterprises with the authorized capital of more than CNY 20 mln. Their income is CNY 177784 trl. Taxes of profits – CNY 177.07 bln.