MINSK, 27 January (BelTA) – Belarusian First Deputy Prime Minister Nikolai Snopkov named the top three results in Belarus-China economic cooperation over the past 10 years during a meeting with Belarusian President Aleksandr Lukashenko on 27 January to discuss cooperation with China, BelTA has learned.
“This period saw trade triple and goods exports double. They went from $2.5 billion to $8.9 billion [Belarus’ trade in goods with China from January to November 2025 amounted to $8.9 billion],” Nikolai Snopkov said, outlining the first result. “The average annual export growth rate in the previous five-year plan was 117%, which is 1.5% higher than the export growth rate with Russia, our main market. This indicates we have been quite active in the Chinese market.”
Second, 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 9 months, it ranked second,” the first deputy prime minister 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.
China is a key industrial lender for Belarus, and this is the third significant result of bilateral cooperation named by Nikolai Snopkov. He noted that 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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