Xiconomics: How cooperation with China is transforming industries in Serbia

For commuters between the Serbian capital of Belgrade and Novi Sad, the country’s second-largest city, travel time has been cut from one and a half hours to just 30 minutes, thanks to a sleek high-speed railway built by a Chinese company. For workers at the Smederevo Steel Plant, Serbia’s leading steel producer, Chinese investment has revitalized the historic mill and transformed thousands of people’s lives. Chinese President Xi Jinping describes the China-Serbia friendship as “ironclad.” With Serbian President Aleksandar Vucic’s ongoing state visit to China, the two countries are expected to bolster their comprehensive strategic partnership.

Xiconomics: How cooperation with China is transforming industries in Serbia. For commuters between the Serbian capital of Belgrade and Novi Sad, the country’s second-largest city, travel time has been cut from one and a half hours to just 30 minutes, thanks to a sleek high-speed railway built by a Chinese company. For workers at the Smederevo Steel Plant, Serbia’s leading steel producer, Chinese investment has revitalized the historic mill and transformed thousands of people’s lives. Chinese President Xi Jinping describes the China-Serbia friendship as “ironclad.” With Serbian President Aleksandar Vucic’s ongoing state visit to China, the two countries are expected to bolster their comprehensive strategic partnership. REVITALIZING TRADITIONAL INDUSTRIES Established in 1913, the Smederevo Steel Plant was once regarded as “the pride of Serb...