Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, November 29 (Xinhua) — The global economy is currently experiencing a period of profound turbulence. Amid slowing growth, increasing competition for resources and logistics routes, and rising protectionism, China remains one of the few centers of economic stability and strategic planning, according to Serik Korzhumbayev, editor-in-chief of the DKnews.kz news agency.
He emphasized that this is not just about the country's size as a producer or exporter: China's new role is becoming increasingly significant—as a super-large, dynamically renewing, and open market, capable of shaping trends in Eurasia and the entire global economy.
"Today, China is setting the tone for a renewed global trade architecture—one that is more predictable, more structured, and more open to partners. For Kazakhstan and the countries of Central Asia, this isn't just good news. It's a strategic benchmark that creates new opportunities for years to come," the expert noted.
According to the Chinese Ministry of Commerce, China's imports reached 18 trillion yuan in 2024, demonstrating steady growth. For 16 consecutive years, China has remained the world's second-largest import market.
According to S. Korzhumbaev, this figure conveys an important political and economic signal: China is deliberately strengthening the role of imports as a tool for global interaction.
"The decision to impose zero tariffs on all goods from least developed countries that have diplomatic relations with China was a significant step. This decision changes the rules of the game for dozens of countries and creates a new level of trust in the Chinese market," he explained.
He added that for Kazakhstan and Central Asia, this means expanding export niches—from food and agricultural raw materials to metals, petrochemicals, mechanical engineering, and rare earth metals.
S. Korzhumbaev also noted that China's economic reform has long since moved beyond loud slogans to concrete, technical, and extremely important changes. During the 14th Five-Year Plan, 19.999 million new businesses were created and 33.946 million individual entrepreneurs were registered.
"This was made possible by well-thought-out reform measures. The end result is clear: barriers are disappearing, entrepreneurial activity is growing, and the market is becoming more flexible and dynamic," the Kazakhstani expert added.
According to the expert, China's strategy to create a super-large single market directly impacts Kazakhstan and the region as a whole.
"Firstly, Kazakhstan is gaining new export niches. Secondly, Khorgos, Alashankou, Lianyungang—all these corridors through which we cooperate are becoming part of a single market. Thirdly, new doors are opening for Kazakhstan's small and medium-sized businesses—all thanks to e-commerce, the recognition of electronic licenses, and reduced transaction costs. And that's far from all," he explained.
According to the editor-in-chief, China is entering the 15th Five-Year Plan period confidently and consistently. All of this, he argues, is not simply a matter of domestic reforms, but a new model of global integration, in which China strives to be not only a manufacturer but also a fair, open, and predictable market for all countries.
"For Kazakhstan, this window of opportunity is expanding year after year. And, judging by current trends, we are entering an era when cooperation with China will become not just an important area of development, but one of the key pillars of Eurasia's economic strategy," concluded S. Korzhumbayev.
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