Friday, November 17, 2017

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN

About discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.

China’s Auto Industry Looks to Enter Kazakhstan

Jul. 12 – The Chinese auto industry is looking to make a major entry into the Kazakhstan market, said Wu Haiyu, secretary-general of the China-Europe Association for Technical and Economic Cooperation, during the Second Chinese Independent Brand Car Expo being held in Beijing this week. The exhibition displays roughly 200 car models produced by 18 Chinese enterprises, all domestically designed and manufactured.

Speaking on the exportation of Chinese cars, Wu noted that China is extremely optimistic about the prospects and opportunities in exporting Chinese automobiles to Central Asia. He added that China will be ready to hold its first auto exhibition in Kazakhstan and indicated that, among export opportunities in Central Asia, Kazakhstan showed the greatest promise.

Reports have shown that Kazakhstan has imported over 2,000 cars from China during the first six months of this year, almost 3 times the quantity during the previous year.

Kazakhstan, with a population of over 16 million and annual growth of about 9 percent over the past 10 years, is the largest and highest performing of the five core countries of Central Asia. In addition, Kazakhstan is a member of the recently established Customs Union, which means that there will be a favorable environment for foreign trade and investments.

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