China pledges $2 billion for a “capacity cooperation” fund with Kazakhstan
Posted on December 25, 2015 by KazCham
Colibri Law Firm
The $40 billion “Silk Road” fund, set up last year to boost connectivity across Asia, has agreed to contribute $2 billion to a new investment fund to support “capacity cooperation” with Kazakhstan.
China has been trying to promote similar cooperation with other countries, under which local firms export some of their huge production capacity as they build infrastructure and factories overseas.
Chinese Premier Li Keqiang held talks with his Kazakh counterpart Karim Massimov in Beijing on Monday, vowing to step up bilateral cooperation in industrial capacity, agricultural products, energy and regional connectivity.
