[The China-Pakistan Economic Corridor will be extended to Afghanistan]Recently, the Chinese Foreign Minister and the Pakistani Foreign Minister met in Islamabad, the capital of Pakistan. During the conversation, China and Pakistan jointly issued a statement that the Belt and Road Initiative and the China-Pakistan Economic Corridor will be extended to Afghanistan. Prior to this, the Taliban in Afghanistan had already made such applications when they met with senior officials from both China and Pakistan. According to previous assessments, once the Belt and Road Initiative and the China-Pakistan Economic Corridor are settled in Afghanistan, billions of dollars in infrastructure funds will be brought in, especially the construction and improvement of Afghanistan’s railway network and highway system, which will be greatly relieved. At the same time, once the infrastructure project is confirmed, it is very likely that Chinese companies will undertake the construction, which can increase many jobs for local Afghans. Editor / Zhao E
On May 6, 2026, the 200000 ton high-quality alloy steel casting and forging integrated project jointly built by Yongyang Special Steel and Changxiang Special Steel started construction in Yongnian, Handan. The total investment is 5 billion yuan, covering the entire production line of mold casting, special smelting, forging, etc. The products are directly supplied to the aerospace, military and nuclear power fields. It is expected that the output value will be 50 billion yuan, the profit and tax will be 800 million yuan, and 2000 new jobs will be created within 5 years, adding another heavyweight chip to the high-end new material industry in Handan. Editor/Cheng Liting
On May 5, 2026, President Tokayev met with Zhang Qihai, Chairman of Xinjiang Lihua Group, to focus on the cotton textile industry chain project. Plan 52000 hectares of cotton fields, 196 drip irrigation pump stations, 500 kilometers of pipeline network, and 10 factories, with a first phase investment of 360 million US dollars, creating over 4000 jobs. Tokayev awarded Zhang Qihai the second-class "Friendship" medal of Kazakhstan on the spot, and two processing plants have been put into operation in Turkestan Oblast. Editor/Cheng Liting