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
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
