Belarus Eyes $10Bln From China

By Reuters

March 26, 2010

MINSK — Belarus could secure Chinese investment of more than $10 billion in a series of projects spanning several industrial sectors, including cars, electricity and sugar, a Belarussian government spokesman said on Thursday.

Government spokesman Alexander Timoshenko said the total amount of Chinese investment into the Belarussian economy could reach $15.7 billion, including a $5.7 billion credit line agreed in December.

Timoshenko said Belarus and China aimed to cooperate in 89 projects, including construction of an automobile plant and a sugar refinery and the reconstruction of several electricity plants, as well as the creation of a Chinatown in Minsk.

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