AKIPRESS.COM - Kazakhstan and China inked about 40 cooperation deals totaling $13 billion during the Kazakhstan-China Business Council in Beijing, Samruk Kazyna Fund Chairman Akhmetzhan Yessimov said.

"We have held the 5th session of the Business Council. About 400 representatives of business circles of Kazakhstan and China attended it to discuss practical issues of the joint activities. Above 40 agreements worth USD 13 billion, including 17 investment agreements of USD 8.7 billion, 8 financial worth USD 1.6 billion, 7 foreign trade treaties up to USD 700 million and 8 noncommercial ones were signed," Head of State Nursultan Nazarbayev said at the meeting with China's business circle.

According to the President, the documents signed provide for fund-raising for free economic areas, field production, implementation of projects in the sphere of renewable energy sector, development of a biochemical cluster, etc.

Nazarbayev is in China on a state visit and for the SCO Summit in Qingdao June 9-10.