Trade between Belarus and China can be significantly increased, as China has demand for Belarusian goods, political scientist Piotr Petrovsky said in a new episode of the V Teme [On Point] project on BelTA’s YouTube channel.
“I believe that the share of Belarusian-Chinese trade could be doubled or even increased two and a half times. There is demand for this. The fact is that China is transitioning to a so-called dual circulation economy, where exports and imports need to be balanced,” Piotr Petrovsky said. Currently, a significant portion of goods manufactured in China is exported. In the analyst’s view, this is also a disadvantage for China, as it creates dependence on the situation in sales markets.
In his opinion, China wants to boost domestic consumption, not only of its own goods but also of products from strategic partners and allies. “Belarus should move in this direction,” he added. The political analyst noted that Belarusian goods could be more widely represented not only in traditional retail but also in Chinese online stores.
Piotr Petrovsky also highlighted the development of joint manufacturing ventures between Belarus and China. He cited cooperation between Minsk Automobile Plant (MAZ trademark) and Chinese engine manufacturer Weichai as an example. “We have started producing all the components for MAZ products that were previously purchased abroad - engines, assemblies, gearboxes. This allowed us to weather the negative impact of sanctions with almost no losses,” the analyst emphasized.
He also pointed out that Belarus not only fulfils all its transit obligations for Chinese goods but also serves as a strong technological hub for Chinese manufacturers, which is an equally important area of cooperation.
