The capital influx from China has nearly matched that of Russia.
From 2017 to 2023, the volume of direct investment from China increased significantly, placing it fifth among Kazakhstan’s top investment partner countries. The Netherlands leads the list with $47.3 billion in investments, followed by the United States, Switzerland, and Russia.
Analysts note that strengthening relations between Kazakhstan and China is an inevitable process with a clear benefit: diversifying Kazakhstan’s international ties. However, they caution that this growing interaction requires careful attention, as it increases the interconnectedness of the two economies, particularly given the large size of both China’s and Kazakhstan’s economies.
