A train carrying 720 tons of wheat from Kazakhstan arrives in Lianyungang Port in Lianyungang, east China’s Jiangsu Province, Feb. 5, 2017. The first batch of wheat from Kazakhstan arrived in Lianyungang port by a cargo train on Sunday and was then shipped to Southeast Asia, opening a new trade route…Full Article: The Global Times Feb 2017
- In November 2016, China’s Asia Pacific Food Capital (APOFCO) and KAZNEX INVEST signed a MoU on the establishment of a ~US$3 billion joint agricultural investment fund.
- In July 2016, Kazakhstan’s Maslo-Del LLP planned to increase its exports of sunflower oil China from 4,600 MTs in 2015 to 10,000 MTs in 2016.
- In May 2016, freight train service from China’s Ürümqi to Kazakhstan’s Almaty (aka Alma-Ata) began operating once a week. In November 2016, the Ürümqi-Almaty cargo route was increased to daily service.
- In April 2016, China’s Sinoma (China National Materials Group Corporation), a cement equipment and engineering company, announced it would annually purchase agricultural goods (e.g. vegetable oil) from Kazakhstan. At the same, China announced it would construct a vegetable oil plant in northern Kazakhstan.
- In March 2016, China imported 1,000 MTs of sunflower seed oil and 1,000 MTs of rapeseed oil from Kazakhstan by rail. Launched in late 2013, the Xi’an-Almaty cargo train route (~6 days) generally only carried goods from China to Kazakhstan, but has now begun shipping goods into China.
- In December 2013, the Zeleny corridor opened in Bakhty, East Kazakhstan Province and in its cross border checkpoint in Paikitu, Xinjiang Region, China. Additionally, Kazakhstan’s Akmola region [central Kazakhstan] planned to export 10,000 MTs of wheat to China by the end of the year. Kazakhstan expected to increase its wheat exports to China in the following years.
- In the Autumn of 2013, Chinese President Xi Jinping launched The Silk Road Economic Belt and the 21st-century Maritime Silk Road, a strategic initiative to boost the economic development and trade of countries lying along the South China Sea, Bay of Bengal, Arabian Sea, Indian Ocean, and Red Sea, as well as overland in Central Asia and Europe.
Hong Kong Trends