A China-Kazakhstan free trade zone received about one million visits in the first quarter of 2017, according to local border inspection authorities. The Horgos International Border Cooperation Center on the China-Kazakhstan border, in northwest China’s Xinjiang Uygur Autonomous Region, has seen an increasing number of tourists since 2012. It attracted a total of 5.43 million tourists in 2016…Full Article: The Global Times Apr 2017
- In mid-March 2017, Horgos (Khorgas) border center launched 12 self-service customs clearance checkpoints.
- In April 2012, the Horgos (Khorgas) International Border Cooperation Center opened on the Chinese-Kazakh border.
- Located in Xinjiang Region’s Ili Kazakh Autonomous Prefecture, Khorgas is a border city located along the ancient Silk Road route. In 2013, a year after the establishment of its free trade zone, Khorgas recorded US$11 million in bilateral trade with Kazakhstan. As of late 2014, the Chinese side of the border city was considerably more developed than its Kazakh side.
- 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 May 2016, freight train service from China’s Ürümqi to Kazakhstan’s Almaty (aka Alma-Ata) began operating once a week.
- 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