MINSK, 27 January (BelTA) – The most pressing task today in investment cooperation between Belarus and China is to build business, not simply individual enterprises, Belarus’ First Deputy Prime Minister Nikolai Snopkov said following a meeting to discuss cooperation with China hosted by Belarusian President Aleksandr Lukashenko in Minsk on 27 January, BelTA has learned.
From an economic perspective, investment cooperation with China is of great value to Belarus. The creation of joint ventures and the attraction of Chinese capital to the country provide the greatest effect in terms of GDP growth, Nikolai Snopkov emphasized.
“Despite the global situation, we once again have a window of opportunity. The Chinese market is oversaturated and highly competitive in everything from automobile manufacturing to food service. Therefore, Chinese partners and businesses are looking for countries where they can apply their technologies and production,” he explained. “They earn more in other markets than in China. Our main task is to implement the message the president has always stressed: we are ready to provide the best conditions in the western part of the Eurasian continent for Chinese partners. That is what the government will do.”
“The key issue and challenge for us is investment from China,” the first deputy prime minister stressed. “The task is not to build an enterprise. The task is to build a business.”
As BelTA reported earlier, direct Chinese investments doubled in a decade. “The gross volume of investments from China into Belarus over 10 years exceeded $2 billion, about half of which are foreign direct investments. Over 9 months [of 2025] compared to last year [the same period in 2024], they grew 2.6 times, and the volume of gross investments from China reached $443 million. If in 2015 China ranked fifth among donors in terms of gross investments, then based on the results of nine months, it ranked second,” Nikolai Snopkov said.
According to him, the number of organizations with Chinese capital in their authorized funds has increased 3.4 times over 10 years: from 67 such organizations in 2015 to 230 in 2025. In 2025, more than 60 investment projects with the stated investment volume of about $1.6 billion were being implemented in Belarus with the attraction of Chinese capital and technology. Mostly - 52 investment projects - are in the Great Stone Industrial Park.
Over 20 years, 28 major industrial projects worth $5.5 billion have been financed through Chinese preferential and commercial loans, including in the fields of industry, energy, and transport. “Projects implemented with China accounted for about one-tenth of the growth of the Belarusian economy over the decade,” the first deputy prime minister stressed.
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