More than 90%, or $22.6 billion investment of China into EAEC acounts for Kazakhstan

Almaty. February 19. Silkroadnews - More than 90% or $22.57 billion investment of China to the Eurasian Economic Union (EAEC) is accounted for Kazakhstan, reports the newspaper "Izvestia".
According to analysts, Chinese FDI in Kazakhstan are an important part of China's economic expansion in Central Asia, including the practical realization of the idea of ​​economic belt "New Silk Road". Currently, the main investment projects of Chinese corporations associated with the fuel sector, especially oil and natural gas. Among $24.6 billion accumulated by the beginning of 2014 investment, more than $17.3 billion was invested in oil and gas, and $6.2 billion - in the construction of the main oil pipelines.
Investments were made in the production of glass and automotive in Russia and in the production of electrical engineering, automotive components and hotel business in Belarus.
The director of the Center for Integration Studies Evgeny Vinokurov thinks that relatively low activity of Chinese investors in Russia happens due to the fact that the Russian authorities were reluctant to allow them to fuel and energy complex. E.Vinokurov noted the so-called Economic Development Zone "New Silk Road", which focuses on Kazakhstan and other Central Asian countries, but can involve Russia, occupies an increasingly high priority in China's foreign economic policy. So, according to experts, it's not just fuel preferences of Chinese investors.
According to the Director of the Department for Investment Promotion and Innovation Chamber of Commerce and Industry of the Russian Federation Alexey Vyalkin, "the creation of a single economic space even more exacerbated some painful for Russia, problems of our investment attractiveness".
Also, according to the vice-rector of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation Andrey Margolin, "from the point of view of a foreign investor, Belarus and Kazakhstan differs from Russia by relatively low level of corruption, the simplified procedure for obtaining construction permits, the use of simplified procedures for the registration of property rights, and relatively high domestic investment activity".
As noted, one of the most important factors of the investment attractiveness of jurisdictions is the level of the tax burden on companies and citizens.