Kazakhstan Has the Lowest Level of Dependence on China in Central Asia
Photo: elements.envato.com
Central Asian countries show varying levels of debt dependence on China. Kyrgyzstan has the highest share, while Kazakhstan has the lowest, Orda.kz reports, citing Financekaz.
According to data published by the Geostatistics channel, Kyrgyzstan has the highest level of debt dependence on China among the countries in the region, at 30.5%.
- Tajikistan ranks second with 16.1%, followed by Turkmenistan at 13.4%.
- Uzbekistan shows a more moderate level of dependence, at 7.5%.
- Kazakhstan has the lowest figure, at 3.6%, which is significantly lower than in neighboring countries.
The higher this figure, the greater the burden on the economy and the less room the state has to maneuver. This means that countries with a high share of Chinese loans in their debt structure are more dependent on an external creditor. Against this backdrop, Kazakhstan appears to be the most diversified. The share of Chinese debt is significantly lower than the regional average, which means there is more room for maneuver and fewer political risks.Financekaz writes.
It is also worth noting the diversification of projects: Chinese capital is not concentrated in strategic sectors of Kazakhstan’s economy.
Original author: Rimma Karatayeva
Read also:
Latest news
- Nazarbayev-Linked Villa in Spain Agrees to Fund New Coastal Path
- Why Kazakhstan Is Restricting Foreign Goods in Public Procurement
- Kazakhstan Has the Lowest Level of Dependence on China in Central Asia
- Noise, Construction and Cameras: What Astana Residents Are Saying About the LRT Tests
- Marshrutka vs. Shuttle: Why Kazakhstan Is Reinventing the Main Public Transport of the 1990s
- Several Border Checkpoints With China to Close for One Day
- Laser Guidance Systems Begin Testing on Kazakhstan’s Highways
- Kazakhstan Plans Mandatory Labeling for Dietary Supplements and Jewelry
- Chinese Influencer Tao Mingxiu Receives Presidential Award in Kazakhstan
- Kazakhstan Ranks Sixth In the World By Agricultural Land Area
- Uzbekistan Breaks Regional Record In Public Debt Market
- “They Are Not Cattle, You Don’t Vaccinate Them”: Why Zoologists Cannot Save Caspian Seals
- Did The Digital Economy Stumble Over PPP? How The Minister Reacted to the IT Industry’s Problems
- Private Investors to Help Build Juvenile Correctional Facilities in Kazakhstan
- “Like Rotten Eggs”: Residents of Atyrau Again Complain About the Stench in the City
- Digital Passport and Admission Benefits: Kazakhstan Wants to Change Volunteering
- Infected Sunflower Seeds From the U.S. Barred From Entering Kazakhstan
- Almaty Drivers Offered Free Emissions Checks Without Penalties
- Croatia Will Finance Oil Exploration In Aktobe Region
- Half of Kazakhstanis Earn Less Than $1,000 a Month
