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
- Kazakhstan Transfers Its 40% ERG Stake to Samruk-Kazyna
- Astana to Host UEFA Presidential Election in 2027
- Was Kazakhstan’s First Wild Tiger in 70 Years Spotted Near Homes?
- Almaty Deports 35 Indian Citizens for Overstaying
- Kazakhstan Adds AI to School Computer Science Classes
- From Party Lists to Presidential Succession: What the Kurultai Election Could Change
- Financial Regulator Can Force Troubled Banks to Change Owners
- Kazakhstan to Auction 26 Areas for Oil and Gas Exploration
- Is Kazakhstan’s Economy Becoming Less Reliant on Oil?
- Kazakhstan Releases More Than 600 Prisoners Under Amnesty
- Seven Regions of Kazakhstan Face Drought in August
- Dozens of Fake Diplomas Found in Kazakhstan
- Alatau Plans Full-Cycle Sustainable Aviation Fuel Production
- Kyrgyzstan Prohibits Human Cremation
- Trade Minister Says Kazakhstan Should Become a “Landlocked Singapore”
- Kazakhstani Wildberries Sellers Will Receive Advice but No Compensation
- Tankers Keep Returning for Kazakh Oil Despite Attacks at CPC Terminal
- Two Border Villages in Uzbekistan to Become Part of Kyrgyzstan
- Kazakhstan Fines and Jails Over 20 Streamers for Offensive Content
- Foreign Investors Put 2.6 Trillion Tenge Into Kazakh Government Bonds
