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China Will Grant Belarus a Credit of $ 1 billion

The chairman of the Standing Committee of the China National People’s Congress, Wu Bangguo, announced today in Minsk that China will grant a credit of one billion dollars for the implementation of joint projects to Belarus.

“The Chinese government has taken the decision to grant Belarus a credit of 1,000 million dollars to make our joint projects,” Wu said.

The head of China’s legislature noted the good progress of joint ventures, including the modernization of thermal power plants, cement factories and road infrastructure in this former Soviet republic.

“We have also reached an agreement to jointly build a communications satellite as well as build a paper mill and a hotel to be called ‘Beijing’in Minsk,” said Wu.

Highly valued the interaction of China and Belarus in international affairs, Wu added: “We have same or very similar positions against a range of regional and international issues and we advocate the democratization of international relations.”

Wu thanked Belarus for supporting China in Taiwan and Tibet issues, as well as the issues pertaining to the “so-called human rights.”

“For our part, we strongly support the domestic and foreign policy to develop your country and all your efforts to defend the sovereignty and independence in your struggle against foreign interference,” Wu told the Belarusian authorities.

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