General

Taking the digital economy as an example, Zhao Ping, Vice President of the Research Institute of the China Council for the Promotion of International Trade, said that with the application and popularization of the new generation of information technology, China and Kazakhstan have continued to innovate cooperation models and expand cooperation space in the field of digital economy. The two countries have jointly held "cloud exhibitions", "cloud negotiations" and "cloud signing agreements". The two countries have actively developed cross-border e-commerce. More than 100 Kazakh enterprises have settled in China's Alibaba International E-commerce Platform, The accumulative amount of international trade export contracts signed exceeded 72.5 million US dollars.

"Guided by the initiative of jointly building the" Belt and Road ", Chinese and Kazakh enterprises have deepened mutually beneficial cooperation, and a number of major projects have been implemented successively with fruitful results." At the 2022 China (Xinjiang) - Kazakhstan Entrepreneurs Forum held recently, Zhang Xiao, the Chinese Ambassador to Kazakhstan, said in his speech that, at present, in the face of the serious situation of repeated epidemic risks and the difficult recovery of the world economy, China Kazakhstan economic and trade cooperation has gone against the trend and continued to expand in scale.

According to customs data, in 1992, the trade volume between China and Kazakhstan was only 368 million US dollars, reaching 25.25 billion US dollars in 2021. According to customs data, from January to July 2022, the trade volume between China and Kazakhstan will reach 17.67 billion US dollars, an increase of 18.9% year on year, which is expected to reach a record high throughout the year.

"We started our foreign trade business with 3000 yuan, starting with basket selling." Kang Heping, chairman of Xinjiang Sanbao Industrial Group Co., Ltd., said that after 30 years of development and growth, Sanbao has developed into a comprehensive international trade group integrating import and export trade, investment, mining, overseas project contracting, production and processing, warehousing and logistics. It has more than 20 wholly-owned or holding enterprises at home and abroad. It has established many branches in Kazakhstan and other Central Asian countries. It was once one of China's top 500 foreign trade enterprises, According to customs data, the annual import and export volume reached US $1.498 billion, ranking first in Xinjiang's international trade enterprises' exports for 9 consecutive years.

At this forum, Sanbao Group signed a contract with Kazakhstan for the production line of autoclaved gas filling blocks with a project amount of more than 8 million dollars, helping Kazakhstan to promote infrastructure construction.

"The bilateral production capacity cooperation between China and Kazakhstan has been steadily promoted. China's stock of various investments in Kazakhstan is 21.6 billion US dollars. Chinese funded international trade enterprises in Kazakhstan have overcome the adverse effects of the epidemic, and promoted a number of key cooperation projects to make significant progress. The polypropylene project in Atyrau and the glass factory project in Kyzylorda are coming to an end." Zhang Xiao said that emerging businesses are developing vigorously, and bilateral cooperation is steadily advancing in new fields such as digital economy, financial technology, health care, green energy, etc. Looking ahead, China Kazakhstan economic and trade cooperation has huge potential and broad prospects.

Taking the digital economy as an example, Zhao Ping, Vice President of the Research Institute of the China Council for the Promotion of International Trade, said that with the application and popularization of the new generation of information technology, China and Kazakhstan have continued to innovate cooperation models and expand cooperation space in the field of digital economy. The two countries have jointly held "cloud exhibitions", "cloud negotiations" and "cloud signing agreements". The two countries have actively developed cross-border e-commerce. More than 100 Kazakh enterprises have settled in China's Alibaba International E-commerce Platform, The accumulative amount of international trade export contracts signed exceeded 72.5 million US dollars.

"China and Kazakhstan have complementary advantages in digital economy cooperation." Zhao Ping said that China's digital economy has a strong innovation momentum. According to customs data, by the end of 2021, the core industries of the digital economy had 977000 effective invention patents, accounting for 35.2% of China's effective invention patents. During the "Fourteenth Five Year Plan" period, China further defined the road map of digital development, promoted the deep integration of digital technology and the real economy, enabled the transformation and upgrading of traditional industries, and promoted the birth of new industries, new formats and new models. The digital process in Kazakhstan is also developing rapidly. In 2019, the total number of smart phones in Kazakhstan has increased to 19.2 million. The e-commerce and mobile commerce in Kazakhstan are growing rapidly, and the payment method is also transitioning from cash payment to digital payment. New forms of business in the field of digital economy are developing vigorously, creating new highlights for China Kazakhstan cooperation in the field of digital economy.

In his speech, Jin Jiakulov, Commercial Counsellor of the Embassy of Kazakhstan in China, said that Kazakhstan is willing to actively develop multi-level and multi-directional contacts with Xinjiang, China. The two sides should take practical measures to further strengthen cooperation in production and processing, green technology, smart agriculture, logistics and transportation, and continue to expand bilateral international trade.