China to Grant $210 Million to Central Asian Countries

Chinese President Xi Jinping announced that Central Asian countries will be provided with a grant of 1.5 billion yuan (approximately $210 million).

The announcement was made during the China-Central Asia summit held in Kazakhstan, The Caspian Post reports citing foreign media.

According to him, the grant will be spent on social and infrastructure projects. The goal is to support the region’s development and deepen cooperation with Beijing.

The first China - Central Asia summit was held in May 2023 in Xi’an, China.

At that time, China announced 26 billion yuan in aid and investment aimed at facilitating trade, renewing investment agreements, and constructing Central Asia - China gas pipeline.