In March 2015, during the meeting with Kazakhstan Prime Minister Karim Massimov, Chinese Prime Minister Li Keqiang pointed out that China has a surplus of cost-effective capacities, thus conducting a large-scale cooperation in capacities between China and Kazakhstan can help both countries to promote respective economic development by connecting China’s “Belt and - 159 - Road” initiative with Kazakhstan’s “NyrlyZhol” plan. Therefore, grasping accurately Kazakhstan’s recent industry investment environment is not only helpful for Kazakhstan to attract foreign capitals and accelerate the transformation of economic structures and the processes of industrialization, but also has a practical significance for Chinese enterprises in carrying out industrial investment. This paper evaluates and analyzes empirically the overall situation of each state of Kazakhstan and investment environment of agriculture, industry and services in 2014 by adopting related theories in industrial economics, regional economics, international investment and econometrics, referring to given research results regarding investment environment literature both at home and abroad. According to the empirical results, the city of Almaty, Astana, Karaganda and South Kazakhstan state belong to overall investment environment superior regions; North Kazakhstan, Akmola, Almaty and Kostanay state belong to agriculture investment environment superior regions; Atyrau, West Kazakhstan, Mangystau, Kyzylorda and Aktobe state belong to the industrial investment environment superior regions; the city of Almaty, Astana and Karaganda state belong to the service investment environment superior regions.