China role and interest in Kazakhstan

Abstract

The paper examines the connection between political power and economic impact in China's foreign strategy towards Kazakhstan. In most recent decades, China created considerable relative monetary abilities that it progressively extends externally. A detailed look at Chinese investment, finance, and trade explains the drivers of China's monetary impact in Kazakhstan. The investigation demonstrates that Beijing made solid financial dependencies, which like this presented a precarious progressive system in the reciprocal relationship that leaves Astana in an outranked and Beijing in a predominant position. From one viewpoint, this reliance drove by the revenue and legitimacy of the Kazakhstani elite, and other views that China's relative financial abilities, directed by Beijing's "Go Global" initiative. The paper discusses the perplexing cluster of monetary establishments that project Chinese economic power into Kazakhstan and their association with Beijing to decide if Kazakhstan's monetary reliance is the result of a thoughtful approach coordinated by Beijing. After setting up the extent of the dependency and hierarchy of the relationship, the paper discourses China's capacity to interpret the reliance into meeting its foreign strategic interests. Beijing effectively uses this reliance to achieve its political goals, most prominently in accessing Kazakhstani assets.

Kazakhstan's media coverage of China: How the Belt and Road Initiative strengthens geopolitical ties

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A Review of China-Kazakhstan Economic Relationship during the 21st Century

“…The inflation rate in Kazakhstan remained quite high during the period 2007-09, ranging from 6% to 18.7%. The said factors resulted in an increased dependence on foreign loans, which financing allowed Astana to reduce inflationary pressures and to, protect her financial system and maintain the necessary portions of financial reserves (Usman, 2019).…”