/ / News
05.06.2013

Jianwei: China is ready to increase investment in Belarus

MINSK, 5 June (BelTA) – China is ready to increase investment in Belarus, Ambassador Extraordinary and Plenipotentiary of China to Belarus Gong Jianwei said in an interview to Belarus-1 TV channel.

Big projects have already been implemented in energy and cement industries. The reconstruction of M-5/E 271 Minsk-Gomel highway is underway. The start of the construction of a hydroelectric power plant in Vitebsk Oblast and a plant to produce sulfate bleached pulp with the annual output of 400,000 tonnes at OAO Svetlogorsk pulp and paper mill is scheduled for this year. The assembling of Belarusian-Chinese automobiles has already been launched in Borisov.

“We need to move forward and expand the areas of cooperation. I see big potential in the financial and currency sector, informational support and agricultural processing. Yet, the volume of direct foreign investment is still insufficient, but there have been opened many credit lines,” Gong Jianwei noted.

In his words, Chinese companies show interest in modernization of flax production and in the Belarusian flax industry in the whole. The Chinese-Belarusian Industrial Park is another important area of bilateral cooperation. The park will be used for manufacturing, research, housing construction, trade, provision of services. It is expected that not only Chinese investors but also big transnational companies will come to Belarus.