China | New Silk Road: China, Kazakhstan sign $23.6 billion in deals: Xinhua

New Silk Road: China, Kazakhstan sign $23.6 billion in deals: Xinhua

March 27, 2015 11:49 PM (UTC+8)

 

Xinhua reports that China and Kazakhstan have signed 33 deals worth $23.6 billion ranging from hydropower to steel.

The agreements were made during a visit by Kazakhstan Prime Minister Karim Masimov to China after a meeting with Chinese Premier Li Keqiang, the state news agency said late Friday.

The deals reportedly cover oil refining and cars. No other details were disclosed.

“The inking of the deals show the success of bilateral cooperation, and proves that the two countries’ economies are complementary,” Li was quoted as saying. “China’s equipment and technology are cost-effective, which are suitable for countries promoting industrialization,” he added.

 

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