Study on the economic relationships between China and The Republic of Belarus under the strategy of “The Belt and Road Initiatives”

Abstract

“The Belt and Road Initiatives” is a critical part of the new normal state of the Chinese economy. It involves four continents, concerning power relations, peripheral diplomacy and the developing countries, as well as many other important facets, among which Belarus is one of the most important partners of China in Eurasia. The trade cooperation between China and Belarus has been developing rapidly in recent years, especially in bilateral trade, investment and some major projects. Taking this opportunity, China and Belarus are supposed to explore a better model of bilateral economic and trade cooperation, increase investment and realize bilateral economic win-win model in a wider range of space and time. We discussed the new model of the economic cooperation between China and Belarus under the Belt and Road Initiatives. We expounded in our research the new challenges that may occur in the process of cooperation and the effective coping strategies, hoping to realize the healthy development of bilateral economics.