New Chinese credit lines to develop private business in Belarus among other projects
2015-05-15    New Chinese credit lines will be used to develop private business in Belarus among other projects. Belarus President Alexander Lukashenko made the statement as he visited Minsk Tractor Works (MTZ) on 15 May, BelTA has learned.

According to the head of state, the allocated preferential and commercial credit resources will be used not only for large projects on the country's scale. There are plans to allow small businesses to access some of them. “I would also like to give these loans to small businesses, to the private sector. They are free to take them, provided repayment is guaranteed. It is necessary to accelerate the creation of an alternative economy. We would like more private businesses to emerge, work, and develop,” stated the Belarusian leader.

The head of state was informed that among other things the latest state visit of China President Xi Jinping to Belarus had helped address a number of issues in cooperation between MTZ and Chinese partners. “If you are unable to reach the Chinese market and work there even after this, we are no good,” noted the President.

Alexander Lukashenko stressed that Xi Jinping is a friend of Belarus and was genuinely interested in finding new avenues to advance cooperation during the visit. “He would gather his people, would give concrete instructions. There was one purpose: to help Belarusians because they have never failed. It was a milestone visit,” said the head of state. “When he was leaving Belarus he said he had not expected Belarus to be like that and had not expected the visit to be so productive. The Chinese never say anything without a reason.”

According to the President, a major step has been made in the development of interregional ties between Belarus and China.

On the whole, the Belarusian leader remarked that serious changes had been introduced into Belarusian-Chinese relations as a result of the visit. The changes will allow mending some trouble spots in the Belarusian economy.

BELTA

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