China-CIS nation’s trade reaches US$46 billion

David Nealis President of Ceres Ltd

China-CIS nation’s trade reaches US$46 billion

China's Ministry of Commerce has revealed that economic cooperation and trade between China and central Asian countries - Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, and Tajikistan; accelerated to US$46 billion in 2012, 13.7% higher than a year earlier. The Ministry said China has become the largest trade partner of Kazakhstan and Turkmenistan, the second-largest trade partner of Uzbekistan and Kyrgyzstan, and the third-largest trade partner of Tajikistan. In the first eight months of this year, bilateral trade between China and central Asia totaled US$32.4 billion.

China and Kyrgyzstan upgrade their relationship to strategic partnership

David Nealis President of Ceres Ltd.

China and Kyrgyzstan upgrade their relationship to strategic partnership

China and Kyrgyzstan agreed to upgrade their ties to a strategic partnership level and also to increase cooperation on security issues due the concern of rising radical Islamic fundamentalism in the region.

The upgrade means China has established strategic partnerships with all five Central Asian nations, paving the way for consolidated security and economic cooperation between China and the neighboring central Asian region.

Presidents Xi Jinping of China and Almazbek Atambaev,President of Kyrgyzstan announced the upgrade in ties after a meeting this month. Xi arrived in Bishkek for his first state visit there and to attend a Shanghai Cooperation Organization summit. It was his last stop of his first Central Asian trip, which had taken him to Turkmenistan, Kazakhstan and Uzbekistan.

The Central Asian country with a population of 5.6 million borders the Xinjiang Uygur autonomous region. Some of the terrorists and organized crime groups in Kyrgyzstan have connections to groups in Xinjiang, China.

In a speech at Kazakhstan's Nazarbayev University on Saturday, Xi proposed establishing the economic belt, similar to the original, ancient Silk Road of more than 2,000 years ago, to boost cooperation between China and Eurasian countries, which have a combined population of 3 billion.

The presidents witnessed the signing of documents, including an agreement on the construction and operation of the Kyrgyzstan-China gas pipeline, which will be a key part of the fourth Turkmenistan-China natural gas pipeline is vital to China's domestic gas supply. The two nations also pledged to strengthen cooperation on energy and electric grid projects.

The two sides also vowed to boost cooperation in communications and transportation, and study the possibility of establishing cross-border infrastructure facilities.

China is Kyrgyzstan's largest importer and second-largest trading partner. Two-way trade reached $5.16 billion in 2012.

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China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China gives US$ 3 billion of energy credits for Kyrgyzstan

China gives US$ 3 billion of energy credits for Kyrgyzstan

David Nealis President Ceres Ltd

During a recent state visit by China’s President Xi Jinping to Kyrgzstan, the Chinese government approved credits worth over US$3 billion for energy projects in the central Asian nation.  Kyrgyz Economy Minister Temir Sariyev said that US$ 1.4 billion of credits will be spent on a 225km Kyrgyzstan-China gas pipeline that will transport gas from Turkmenistan to the Chinese city of Kashgar on China’s border with Kyrgyzstan and Tajikistan.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition