Bilateral Trade Between China and Kazakhstan: Challenges and Opportunities in the Context of Belt and Road Initiative

DOI

10.2991/aebmr.k.210319.030How to use a DOI?

Keywords

One Belt One Road, trade, countermeasure research

Abstract

The trade and cooperation between China and Kazakhstan has been based on a shared commitment as the total trade volume increases continuously. However, in general, the commercial and commodity structure is still a single product structure, with labor-intensive products and raw material exports as the the main types of trade. Due to the development direction and economic development situation of Xinjiang, the Chinese province that borders on Kazakhstan, the proportion of high-tech content and high value-added products is relatively small. With the development of the “Belt and Road”, the trade between China and Kazakhstan is also continuing to deepen, specifically presenting in economy, investment, trade and regulation of related policies. The two countries have reached consensus on development and shared a common understanding promoting the economic development of the two countries. However, in practical cooperation and communication, due to various factors such as the unbalanced regional development, there also exist certain issues and problems. Despite the existing problems due to the different economic systems and economic development, the two countries still shares great expectation in future development. With the continuous strengthening bond, the trade between China and Kazakhstan always maintains a rapid growth. Under such background, it is necessary to conduct strategic researches and analyses on the problems arising from the trade between the two countries.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yuhang Duan
PY  - 2021
DA  - 2021/03/22
TI  - Bilateral Trade Between China and Kazakhstan: Challenges and Opportunities in the Context of Belt and Road Initiative
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 162
EP  - 166
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.030
DO  - 10.2991/aebmr.k.210319.030
ID  - Duan2021
ER  -