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10 June 2018
Briefing for media representatives on results of the visit to the People's Republic of China
Qingdao, People's Republic of China

Speaking to reporters, Nursultan Nazarbayev noted the confidential character of the dialogue between the leaders of the two states that has developed over the entire history of relations.

- Together with Chairman of the People's Republic of China Xi Jinping, we keep on strengthening mutual trust and good relations. There are no unresolved problems between our countries, but there is an open road for further development, the Head of State said.

The President of Kazakhstan elaborated on actualizing joint industrial and investment projects, pointing out the importance of developing the national economy’s non-primary sectors.

- We have reached agreements on 51 projects. We are implementing the industrial-innovative program, within the framework of which about 1200 enterprises have been created. Our task lies in building a second alternative economy that does not depend on raw materials, Nursultan Nazarbayev said.

During the briefing, it was noted that Kazakhstan is developing economic cooperation with China on the basis of the mutual benefit principle. Thus, bilateral relations are built based on strategic tasks and priorities for the development of the Kazakh economy, including the implementation of industrial and innovative projects in chemical industry, mining and metallurgy, engineering, energy, agro-industrial complex and other economic sectors. The result of joint projects is creation of enterprises for producing high-tech domestic products with high added value, oriented to export.

In addition, the attention was paid to the results of the Kazakh-Chinese Business Council meeting, during which the businesspeople of the two countries signed 40 documents for a total of about KZT 13 billion. The Head of State focused on the fact that the main drivers of investment cooperation with the People’s Republic of China are business circles and business entities involved in implementing the projects. This process actively uses project-financing mechanisms, according to which the guarantee is the project itself.

In addition, Nursultan Nazarbayev focused on carrying out infrastructure projects aimed at increasing the country's transit and transport potential.

The Head of State also noted the interest of the Chinese side in deepening cooperation in the agro-industrial complex.

The President of Kazakhstan spoke in detail about his proposal on implementing mutual settlements in national currencies within the SCO, and dwelt on the course of the negotiation process with Chairman of the People's Republic of China Xi Jinping.

- When there is trust, all issues are resolved. In any case, you need to take into account the interests of your country. Negotiations are never easy, and I carefully prepare for them. This is my responsibility, which is entrusted to me by our people, Nursultan Nazarbayev said.


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