May 13, 2015

China, Kazakhstan agree to align development strategies

China

Kazakhstan

Chinese President China Xi Jinping

Kazakh President Nursultan Nazarbayev

Asian infrastructure projects

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Wednesday 13 May 2015 - 11:31 Makkah mean time-24-7-1436

(File image)

Astana, (IINA) - Chinese President Xi Jinping and Kazakhstan President Nursultan Nazarbayev agreed to align development strategies, Xinhua News reported.
“We are ready to align the Silk Road Economic Belt initiative to Kazakhstan’s new economic policy so as to achieve common development and prosperity on the basis of equality and reciprocity,” Xi said during talks with Nazarbayev in Astana, Xinhua reported. He said that China and Kazakhstan should continue to develop cooperation in infrastructure, energy, finance, security, and cultural and people-to-people exchanges, according to Astana Time News.
Trade between China and Kazakhstan reached $17.2 billion in 2014, and in March, the two countries signed 33 deals worth $23.6 billion on cooperation in industry, covering the energy, metals, automobile production and more.
Speaking with Xi, Nazarbayev noted that friendly relations with Kazakhstan’s eastern neighbour was a “priority” for Astana. “We have a plan, and we have outlined specific actions that will take Kazakh-Chinese relations to a new level,” he said.
Nazarbayev said that his country supports Xi’s efforts toward Asian unity, economic and otherwise, which he said was a natural result of historical trends as well as in the interests of individual countries.
Kazakhstan is also ready to work with China within the Asian Infrastructure Investment Bank (AIIB), the newly launched multilateral development bank with the mission of supporting Asian infrastructure projects, he said.
SM/IINA

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