Two days later China inks the real deals.

Kazakhstan, China Ink $14 billion in Cooperation Deals

By Malika Orazgaliyeva in Eurasia & World on 17 December
ASTANA – Kazakhstan Prime Minister Karim Massimov and his Chinese counterpart, Premier of the State Council Li Keqiang approved and signed $14 billion worth of accords on Dec. 14-15 in Astana, including several cooperation agreements on nuclear energy, development of mineral resources and the use of national currencies in commercial operations.

The National Bank of Kazakhstan and the People’s Bank of China also signed an agreement on mutual settlements in national currencies, as well as an agreement on currency swaps of Kazakh tenge and Chinese yuan. This agreement will promote local currency settlement and enhance both countries’ immunity to financial risks and global competitiveness.