China's infrastructural projects in Serbia amount to $1.5 billion

It seems clear that Chinese investment in Serbia in light of the new Silk Road is a way of entering the European hub for a long term. The agreement on the opening of an industrial park in the Serbian city of Smederevo on the banks of the Danube gives China the green light in terms of strategic cooperation with Serbia in the economic sphere.

This cooperation has the support of the Chinese government, and through Serbia, China is making an entry into Europe.

Two months ago, the mayor of Belgrade signed an agreement in Beijing on the construction of a new industrial park in Smederevo and recently a memorandum on its development was signed in the Serbian capital.

Smederevsky Industrial Park will occupy an area of 500 hectares. As the Minister of Industry of Serbia, Goran Knezevic, noted, the opening of the park will ensure the arrival of a large number of Chinese...