Chinese companies are interested in exporting their commodities to Belarus and are very eager to produce goods together in Belarus, Chinese Ambassador Hu Hunbin told a news conference. Joint ventures would allow the two countries to export commodities to other CIS countries and even to Europe.
“The economic relations between the two countries are based on equality and mutual benefits,” the ambassador said. “China hopes transparent business cooperation will boost the national economies of Belarus and China,” he added.
Hu Hunbin believes the partners should provide a better access to their markets, expand mutual investments, strengthen cooperation in science and high technologies, exchange scientific brainpower and introduce the results of joint scientific projects.
During his recent visit to China Belarus’ President Alexander Lukashenko signed agreements on provision of a $50 million preferential state loan to Belarus and a $184 million buyer’s loan to Belarus’ state-owned mobile operator BeST. Large loans of the kind are not provided very often, the ambassador said.
Hu Hunbin believes it is due to the recent efforts of both countries that the economic relations between Belarus and China “entered a phase of all-round development.” He mentioned the initiative of Chinese ZTE Corporation to launch joint production of mobile phones in Belarus.