Unbelievably low tax rates make binational industrial park near Minsk, China's largest overseas project, special

China National Machinery Industry Corp (Sinomach) and China Merchants Group, as the main Chinese shareholders, have stepped up the construction of the China-Belarus Industrial Park to turn it into a high-tech industrial area with 180,000 residents within 25 years.

The project is the largest industrial park that China is involved in overseas and the largest one in Belarus. It is expected to host more than 200 high-tech companies and create more than 155,000 jobs when it is completed.