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China-Kazakhstan ties deepen as shared development goals drive broader cooperation: expert

China

China

China

China-Kazakhstan ties deepen as shared development goals drive broader cooperation: expert

2025-10-05 16:35 Last Updated At:17:57

Two landmark summits in Astana and Tianjin have propelled China-Kazakhstan ties into a new phase of pragmatic cooperation rooted in mutual respect and shared development goals, said Gulnar Shaimergenova, director of the China Studies Center in Kazakhstan.

In June, the 2nd China-Central Asia Summit was held in Kazakhstan's Astana, where the Astana Declaration was signed. The six countries -- China, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- voiced their commitment in jointly building a closer China-Central Asia community with a shared future.

Later, leaders from Asia, Europe and Africa gathered in the northern Chinese port city of Tianjin from Aug 31 to Sept 1 for the largest-ever Shanghai Cooperation Organization (SCO) summit in history.

They signed and issued the Tianjin Declaration, advocating a new type of international relations founded on mutual respect, fairness and justice, and win-win cooperation, as well as promoting a shared future for humanity.

In an interview with China Global Television Network (CGTN) in Astana, Shaimergenova said the Astana and Tianjin summits had a major impact by strengthening Kazakhstan’s regional role, boosting project cooperation, and deepening practical ties with China.

"Together, the two forums produced three linked efforts for Kazakhstan. First, they strengthened Kazakhstan's role as a regional hub and mediator. Second, they expanded the country's organizational tools for carrying out large projects. Third, they deepened Kazakhstan's partnership with China through practical economic cooperation while respecting the sovereignty of all participant states. The Astana Declaration and the Tianjin Declaration not only reflect current regional trends, but also set practical agenda for the coming decade from infrastructure and investment projects to joint work on environment, digitalization and security," she said.

Leaders of China and Kazakhstan stressed the importance of aligning their development strategies to support each other's progress in a mutually beneficial way.

Shaimergenova noted that China's cooperation vision closely matches Kazakhstan's development priorities, with growing collaboration already seen in cultural and educational exchanges. She added that Kazakhstan hopes to expand the partnership into more sectors.

"On people-to-people ties, Kazakhstan steadily strengthens cultural and educational links. Branches of Chinese universities and Luban Workshops have opened. Cultural centers and joint programs have started. And visa facilitating measures have already led to a substantial rise in travel and exchanges. And Kazakhstan will also promote joint research and development in pilot projects in high-tech fields, including artificial intelligence and growing technologies to make cooperation more innovative," said Shaimergenova.

China-Kazakhstan ties deepen as shared development goals drive broader cooperation: expert

China-Kazakhstan ties deepen as shared development goals drive broader cooperation: expert

China-Kazakhstan ties deepen as shared development goals drive broader cooperation: expert

China-Kazakhstan ties deepen as shared development goals drive broader cooperation: expert

U.S. stocks ended mixed on Friday following the market's steepest declines in a month.

The Dow Jones Industrial Average fell 309.74 points, or 0.65 percent, to 47,147.48, marking its second straight drop but still notching a weekly gain. The S and P 500 slipped 3.38 points, or 0.05 percent, to 6,734.11. The Nasdaq Composite Index rose 30.23 points, or 0.13 percent, to 22,900.59, snapping a three-day losing streak.

Seven of the 11 primary S and P 500 sectors finished lower, with materials and financials leading the laggards, down 1.18 percent and 0.97 percent, respectively. Energy and technology outperformed, advancing 1.37 percent and 0.74 percent, respectively.

The tech trade regained some footing after several days of pressure. AI leaders Nvidia and Oracle rebounded from their losses in the prior session, as did Palantir Technologies and Tesla, both of which had dropped more than 6 percent on Thursday.

Those sharp declines had briefly put the Nasdaq on course to break its seven-week winning streak, but Friday's recovery lifted the index back into positive territory for the week. Concerns about the sustainability of the AI rally have intensified, with the recent rout in cloud-computing giant Oracle heightening worries over stretched valuations, heavy reliance on debt financing, and soaring capital expenditure plans across the sector.

"AI is truly testing the limits of Wall Street spreadsheets right now," David Krakauer, vice president of portfolio management at Mercer Advisors, told CNBC, adding that investors pricing in "so much of this future growth that they really can't measure yet" just spurs an "environment of swings."

Adding to the market unease, traders continued to assess the Federal Reserve's upcoming policy decision. Market pricing now puts the odds of a quarter-point rate cut in December at below 50 percent, which is sharply lower than the roughly 95 percent probability seen a month ago, according to the CME FedWatch Tool.

U.S. stocks close mixed following steep declines

U.S. stocks close mixed following steep declines

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