The value of construction projects involving Kuwait and China this year is $8.2bn (KWD2.4bn).
Wang Di, China's Ambassador to Kuwait, said the development marks the most lucrative deals that Beijing has forged with a Gulf country.
Di said that trade between Kuwait and Beijing is worth $3.8bn (KWD1.2bn), while China has imported 4.7 tonnes of crude oil from Kuwait to date.
The secretary-general of Kuwait's General Secretariat of the Supreme Council for Planning and Development, Dr Khaled Mahdi, said that Kuwaiti loans worth $825m (KWD248.8m) were given to China in 1982.
These loans, Mahdi added, set in motion a string of 32 developments in Beijing.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.