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Kazakh Leader Makes Business Deals During China Visit

Kazakhstan's President Nursultan Nazarbayev and his Chinese counterpart, Hu Jintao, toast during a signing ceremony at the Great Hall of the People, Beijing, Feb. 22, 2011.

China and Kazakhstan have agreed to billions of dollars in new business projects during a visit to Beijing by Kazakh President Nursultan Nazarbayev.

The deals signed Tuesday include China's agreement to buy thousands of tons of Kazakh uranium to meet its nuclear-fuel needs. China will also help develop a high-speed railway linking the Kazakh capital Astana and the city of Almaty - a distance of about 1,050 kilometers.

The agreements were finalized following a meeting Tuesday between Mr. Nazarbayev and Chinese President Hu Jintao.

The Kazakh leader is also to meet with Chinese Prime Minister Wen Jiabao and other high-ranking officials during a three-day mutual cooperation visit.

China and Kazakhstan exchanged $20 billion in trade last year.

In a recent interview with China's official Xinhua news agency, Mr. Nazarbayev said he welcomed the presence of more than 1,000 Chinese companies in his country.

Some information for this report was provided by AP.