Updated at 16:11,02-12-2016

China is ready to give Belarus a loan of $1 billion

The Chairman of the Standing Committee of the National People's Congress of China Wu Bangguo made an official visit to Minsk.

-The Chinese government has decided to provide a lax loan of $1 billion for implementing our agreed joint projects. In addition, we also allocate 70 million yuan as a free grant, - Interfax.by quotes the Chairman of the Standing Committee of the National People's Congress of China Wu Bangguo, who is on an official visit in Minsk.

Wu Bangguo praised the work of joint ventures in Belarus and the implementation of joint projects. He clarified that this is the modernization of Belarusian heat plants, cement plants, and transport infrastructure.

We also agreed on the joint creation of a communications satellite, on the construction of a pulp-and-paper mill, the hotel "Beijing" in Minsk, - said Wu Bangguo.

- On a variety of international and regional issues we have either the same or similar positions, together we are striving for the democratization of international relations. Both you and we are opposed to the strong trampled the weak, - added Wu Bangguo.