Kazakhstan is quickly racking up debt to China, and Astana’s obligations to Beijing appear poised to keep growing in the coming years, Eurasianet.org reported. The trend of aggressive borrowing from China started in 2025, when Kazakhstan obtained over $3.5 billion in credit, increasing the country’s total debt to the PRC to $12.87 billion. Over the previous three years, the debt total had barely budged, standing at $9.29 billion at the end of 2024, $9.25 billion in 2023 and $9 billion in 2022. Astana’s debt total appears likely to keep rising.
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Kazakhstan's central bank has formed a portfolio of up to $350 million from gold and foreign exchange reserves for investment in cryptocurrency assets, governor Timur Suleimanov said on Friday, Reuters reported. At a briefing on interest rates, Suleimanov said: "We are currently developing a list of instruments in which we will invest.
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Nations are currently competing to harness the power of artificial intelligence and digitalisation. China and the United States are at the forefront of the race, while the European Union is more heavily focused on ethical regulation and digital rights, EuroNews.com reported. For emerging economies, entering the race signals an attempt to shift the global power dynamics in their favour, seeking to narrow the development gap. For the Central Asian nation of Kazakhstan, it’s also a means to branch out from its raw materials-based economy, a model which cannot last forever.
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