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Silk Road Fund – China’s financial arm in Asia.

Silk Road Fund – China’s financial arm in Asia. published on

While politicians, experts and businessmen commenting on the China’s new investment initiatives in Asia focus mainly on the developments connected to the establishment and operations of the Asian Infrastructure Investment Bank, Chinese authorities silently and slowly but steadily build China’s position in Asia using other, fully dependent institutions,such as old policy banks Exim Bank, China Development Bank and and new Silk Road Fund that is actually offspring of the two former.
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Where Russia retreats China steps in

Where Russia retreats China steps in published on

When in December last year President of Kyrgyzstan Almazbek Atambayev announced intention to cancel the deal with Russia to build two hydropower plants Kambarata-1 and Kambarata-2 and the upper Naryn cascade he also said that government would find another investor to complete the project. Experts without hesitation pointed out at China as a viable option and it looks like they were not mistaken. This week deputy Prime Minister Oleg Pankratov met with the representatives of China’s State Power Investment Corporation to discuss the construction of cascade in Kazarman and four hydropower stations: in Alabuga, Toguz-Toro and two in Kara-bulun with total capacity 1160MW. Chinese company expressed interest in projects and hope that all necessary documents will be produced soon.

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China, Russia and Nazarbaev

China, Russia and Nazarbaev published on

Xi Jinping’s visit to Kazakhstan contributed to concluding a set of agreements on Chinese investments and cooperation projects, of which the most significant is the deal on the CNPC’s participation in Kashagan. Chinese buy inroads in Kazakhstan and approach Kazakh authorities in multiple projects in energy sector. The development of this cooperation is closely watched by Russia, which is very cautious about China’s growing presence in Central Asia. Nazarbaev apparently does not want to put all eggs in one basket and become overly dependent on the raising Chinese power. He maintains cooperation with Russia in varied areas and lifts the cooperation to new levels. Yesterday Foreign Minister of Russia Sergey Lavrov and Minister of Foreign Affairs of Kazakhstan Erlan Idrisov signed the protocol on amendments to the Treaty of Good-Neighbourliness and Alliance of Russia and Kazakhstan in the 21st century.The document is 95 percent ready and is scheduled to be signed in the framework of the 10th Forum of Interregional Cooperation in Yekaterinburg in November. Recently officials from both countries on numerous occasions praised very good relations and strong cooperation between both countries. Nazarbaev praised relations between Russia and Kazakhstan and work of ministries of foreign affairs and embassies. He supported Russian’s approach to the solution of the conflict in Syria. Idrisov proposed the cooperation ine the field of uranium enrichment. Lavrov announced that Medvedev will visit Kazakhstan and expressed his wish to see the countries of Central Asia experiencing undisturbed, stable development and said that Russia and Kazakhstan will cooperate to maintain peace and security in the region.
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