China's trade with Central Asia hit a record high in 2024, with Kazakhstan leading at $43.82B. Rail cargo and joint projects further strengthened regional ties.
China's trade with Central Asian countries reached a new high in 2024, according to data released by the General Administration of Customs (GTU) of the People's Republic of China.
Kazakhstan topped the list of China's trading partners in Central Asia, with a total trade volume of $43.82 billion. Kyrgyzstan ranked second, with $22.71 billion, followed by Uzbekistan, with $13.78 billion. Turkmenistan came in fourth, with $10.65 billion, and Tajikistan closed the top five, with $3.86 billion. In 2023, China's trade turnover with Central Asian countries amounted to $89.4 billion.
Kazakhstan and China transported a record amount of cargo by rail. By the end of 2024, the volume of cargo transportation between China and the Republic of Kazakhstan by rail reached a historic maximum – more than 32 million tons of cargo.
Earlier it was reported in the media that the implementation of a joint project of Kazakhstan Municipal Systems and the Chinese company Envision Energy will cost $40 million. It is expected that 60% of the products produced will be directed to the Kazakh market, and 40% will be exported to the countries of Central Asia and the Caucasus.
It is worth noting that in 2022, China's trade with the region reached $70.2 billion, an increase of about 35% since Russia's full-scale war with Ukraine began. This was the moment when the Russian Federation started to seriously lose its position in Central Asia to China.
Kazakhstan’s EV market surges 60% in a year, driven by duty-free imports and rising Chinese EV popularity. Almaty leads registrations with 7,309 vehicles.
Spacesail Kazakhstan Limited, backed by China, joins AIFC with $17M, aiming to rival Starlink by deploying 15,000 satellites globally by 2030 and integrating services in Kazakhstan.
Kazakhstan is enhancing its air transport infrastructure by constructing three new airports and upgrading terminals in Almaty, Shymkent, and Kyzylorda, increasing capacity and expanding routes.
Uzbekistan and Kazakhstan are expanding healthcare cooperation through education, training, and knowledge exchange, supporting Uzbekistan’s 2025 investment plans.
Chinese FM Wang Yi urges stronger China-India ties, emphasizing trust and collaboration amid global challenges. As economic giants and neighbours, their cooperation could shape Asia's future.
The CIA now concludes COVID-19 is "more likely" to have originated from a Wuhan lab, though with "low confidence." This aligns with the FBI and DOE, sparking renewed debate as China rejects the claim. The origins remain contested, influencing global health and diplomacy.
China’s Spring Festival box office surpasses 600 million yuan, highlighting cinema’s central role in Lunar New Year celebrations and the resilience of the country’s film industry.
China bans livestock imports from multiple countries, citing disease outbreaks, to protect its agriculture and public health, impacting global trade and export-dependent nations.
European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT.
Russian investigators confirm a Pantsir-S1 missile downed Azerbaijan Airlines Flight 8243. Baku demands accountability as tensions rise over Moscow's next steps.
BP aims to join the Karabakh oil field project in Azerbaijan by 2025, with negotiations underway to finalize terms with SOCAR for this strategic offshore development.
BP Azerbaijan has announced plans to build a new compression platform at the Shah Deniz gas field to optimize production, company spokesperson Tamam Bayatly confirmed in a press briefing.
One month after the Azerbaijan Airlines crash near Aktau, the investigation suggests fuselage damage from an anti-aircraft missile. Black box data has been decoded, and results are expected next week.
Passengers traveling on the Astana-Almaty train can now enjoy internet access, making it the first train in Kazakhstan to provide this service as part of a pilot project.
Trade turnover between Kazakhstan and China reached nearly $44 billion in 2024
Kazakhstan’s EV market surges 60% in a year, driven by duty-free imports and rising Chinese EV popularity. Almaty leads registrations with 7,309 vehicles.
Iran's Aerospace Force has unveiled a heavy-lift drone named "Gaza" to honour the Palestinian people's struggle against Israel.
The Democratic Republic of the Congo (DRC) and Rwanda are once again on the brink of a major conflict as escalating tensions threaten to destabilize Africa’s Great Lakes region.
Chinese FM Wang Yi urges stronger China-India ties, emphasizing trust and collaboration amid global challenges. As economic giants and neighbours, their cooperation could shape Asia's future.
The CIA now concludes COVID-19 is "more likely" to have originated from a Wuhan lab, though with "low confidence." This aligns with the FBI and DOE, sparking renewed debate as China rejects the claim. The origins remain contested, influencing global health and diplomacy.
China’s Spring Festival box office surpasses 600 million yuan, highlighting cinema’s central role in Lunar New Year celebrations and the resilience of the country’s film industry.
China bans livestock imports from multiple countries, citing disease outbreaks, to protect its agriculture and public health, impacting global trade and export-dependent nations.
European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment