新华财经阿斯塔纳8月21日 电哈萨克斯坦农业部20日称，哈政府正积极调整农业发展路线，减少粮食作 物和耗水量大作物的种植面积，增加具有社会意义和经济效益作物的种植面积，实现作物品类多元化， 种植比例均衡化。 哈通社援引农业部消息报道，2025年哈萨克斯坦全国总耕作面积达2360万公顷，比去年增长逾32万公 顷。其中，谷物和豆类作物种植面积减少近63万公顷，达1600万公顷，油料作物种植面积增加约105万 公顷，达400万公顷。在油料作物中，向日葵播种面积达到创纪录的180万公顷，比上年增加48万公顷。 与此同时，哈萨克斯坦正减少水稻等耗水量大作物的种植面积，并在棉花种植中深入推广节水灌溉技 术。 哈农业部称，更加合理地利用土地资源和水资源，实现作物多样化均衡种植，减少对单一作物的依赖， 将改善哈农业可持续发展现状，强化粮食安全，提高农民收入。 哈通社消息称，哈政府本月18日召开工作会议，研讨农业发展和粮食安全，要求各类农产品在供应量和 价格上均需保持安全稳定。 （文章来源：新华财经） ...

Core Insights - Current Sino-Kazakh economic cooperation is transitioning from resource-driven to innovation-driven, showcasing strong vitality and broad prospects, with a focus on green energy and digital economy [1] - The bilateral trade volume between China and Kazakhstan is projected to reach $43.8 billion in 2024, marking a historical high [1] - Kazakhstan's exports to China are diversifying beyond energy and resources, with increasing shares of wheat, oilseeds, meat, and honey, while China's exports mainly consist of machinery, electronics, building materials, and consumer goods [1] Trade and Investment - The structure of trade is continuously optimizing, with both countries' economic complementary advantages becoming more pronounced [1] - Chinese enterprises are actively participating in Kazakhstan's energy infrastructure upgrades, industrial parks, and technology parks, with a gradual expansion into green energy, resource deep processing, smart manufacturing, and digital economy [1] - The railway freight volume between China and Kazakhstan is expected to exceed 32 million tons in 2024, setting a new record [1] Infrastructure and Logistics - The China-Europe Railway Express has achieved normalized operations, and the cooperation at the Horgos port is deepening, enhancing Kazakhstan's hub position in the regional logistics network [2] - Ongoing efforts are being made to improve cross-border infrastructure and customs systems, further strengthening connectivity between China and Central Asia, as well as Europe [2] Challenges and Future Prospects - Despite the deepening cooperation, challenges remain in standard alignment, technical collaboration, and the participation of small and medium-sized enterprises [2] - The upcoming second China-Central Asia Summit is anticipated to deepen industrial connections in key areas such as green energy and digital technology, promoting more pragmatic and efficient regional cooperation [2] - The Atameken National Chamber of Entrepreneurs has been instrumental in facilitating Sino-Kazakh economic exchanges since its establishment in 2013, and it aims to continue building platforms for enterprise cooperation and project implementation [2]

Investment Rating - The report indicates that the overall impact of the end of the Russia-Ukraine war on the global economy is expected to be minimal due to the low GDP and export shares of both countries [2]. Core Insights - The report anticipates that the Russia-Ukraine conflict will likely conclude this year, leading to increased focus on post-war reconstruction and its implications for global commodity and financial markets [1]. - It highlights that Russia's economy has become increasingly reliant on energy exports due to the war, with significant changes in export structures and market dynamics [5][9]. - The report suggests that while short-term energy prices have not yet reflected recent developments, mid-term prices may face downward pressure as Russia resumes pre-conflict export levels [19][39]. Summary by Sections 1. Overall Impact on Global Economy - Russia's GDP in 2023 is projected at $6.45 trillion, accounting for 3.51% of global GDP, while Ukraine's GDP is only $622 million, representing 0.34% [2]. - The export totals for Russia and Ukraine are $424.22 billion (1.78% of global exports) and $36.04 billion (0.15% of global exports) respectively, indicating limited global economic influence [2]. 2. Impact on Global Energy Prices - In 2022, Russia's mineral fuels and oils exports totaled $358.02 billion, making up 61% of its total exports, a significant increase from 2021 [5]. - Russia's share of global oil exports in 2023 is 10.5%, ranking second globally, while its natural gas exports accounted for 2.16% in 2021, ranking tenth [9][13]. - The report notes a substantial decrease in the EU's dependency on Russian oil and gas, with Russian oil imports dropping from 25.7% in 2020 to 3.37% in 2023 [15]. 3. Impact on Global Grain and Oilseed Prices - Ukraine's grain exports in 2023 are estimated at $8.306 billion, down 30% from 2021, while oilseed exports are at $5.648 billion, down 18% [23]. - The report indicates that Ukraine's share of global grain exports was 8.53% before the conflict, ranking second globally, but is expected to face challenges in recovery post-war [24]. - It predicts that as Ukraine gradually restores agricultural production, there will be significant potential for increased exports of grains and oilseeds in the mid-term [25]. 4. Impact on Global Financial Markets - The report notes a strong performance in European and Russian financial markets following the expectation of conflict resolution, with the Russian RTS index rising over 16% [35]. - It anticipates further appreciation of the ruble and euro, while the US dollar index may face downward pressure, potentially dropping to 105 [40].