Belarus and China to strengthen investment cooperation

         Belarus and China have agreed to strengthen investment cooperation, which is beneficial to both parties. This is one of the results of the 13th meeting of the Belarusian-Chinese intergovernmental commission on trade and economic cooperation held in Minsk.
         According to Vice Premier of Belarus Anatoly Tozik, credit and investment cooperation between the two countries over the past year served as the basis of bilateral economic relations and was very dynamic. With the use of Chinese loans Belarus carried out important projects to upgrade the Belarusian economy. Today, the total amount of credit support from China for investment projects in Belarus stands at about $5.5 billion. 
         Over the past year many projects have been completed, some are now in the active phase, and others are just being launched. According to Anatoly Tozik, a number of joint projects that started 3 to 5 years ago have been completed. In particular, these are the upgrade projects at Minsk CHPP-2 and CHPP-5, construction of two cement factories in Grodno and Mogilev Oblasts.