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Conference on cooperation as part of One Belt, One Way initiative in Changzhou city of Jiangsu Province

On September 28, 2018 Kuanysh Amantai, a general representative of Kazakh Invest JSC in the Peoples’ Republic of China took part in the event on promotion of the trade-economic and investment cooperation of Changzhou enterprises with the countries located along One Belt, One Way initiative. The event was organized by the Government of Jiangsu Province with the support of the Consulate General of the Republic of Kazakhstan, as well as the Consulate General of the Republic of Uzbekistan and the Russian Federation in Shanghai city.

During the event, the Representative Office of Kazakh Invest JSC in the Peoples’ Republic of China presented the investment climate of the Republic of Kazakhstan, priority sectors of the economy of the Republic of Kazakhstan, privileges and preferences for foreign investors, investment cooperation between the Republic of Kazakhstan and the Peoples’ Republic of China for the enterprises of Changzhou and Jiangsu Province.

The event was attended by representatives of such companies of the region as: Trina Solar (one of the world's largest producers of solar panels), Jiangsu Zhihengda Investment Group, Dongfeng Agricultural Machinery Group (one of China's largest producers of agricultural machinery), Jinsheng Group (one of China's largest textile companies), Restar Solar (solar energy), Changfa Group (agricultural equipment, components for refrigeration equipment and air conditioners), etc.

About 60 Chinese companies took part in the event.

Following the event, the meeting was held with the Mayor of Changzhou, Din Chun and the Consul General in Shanghai city, Zh. Kyraubayev. They discussed the prospects of establishing cooperation between the Republic of Kazakhstan and the leading companies of Changzhou. During the meeting, Kazakhstan party proposed to organize a visit of the leading enterprises of Changzhou to the Republic of Kazakhstan to familiarize with the business climate and to establish contacts with Kazakhstan enterprises.

Changzhou city is one of the most developed cities in Jiangsu Province. The population is about 5 million. In 2017 the city's GDP was 668 billion yuan (about 98 billion dollars), GDP per capita – 20,000 yuan (about USD2.900). The most developed sectors of the industry are machine building (production of special and agricultural machinery, robotics, production of equipment for electric power, production of trains and wagons), solar energy (production of solar panels and components), light industry (furniture and building materials), agriculture and the food industry.

The city actively cooperates with foreign countries. Joint industrial, technological and innovative parks have been established with such countries as Germany, Switzerland and Israel. The city has 3,800 enterprises with foreign capital, covering more than 107 countries and regions, the volume of foreign investment is USD33.2 billion. 65 companies of the world's 500 largest companies have implemented 110 projects in Changzhou, including: BOSCH, ABB, Fujitsu, Itochu, Hitachi, Komatsu, Kawasaki, Marubeni, Suzuki, Toshiba, Toyota, Total, GE, Siemens, Bridgestone, Goodyear, AGCO, TyssenGroup and others.