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Ambassador Li Ming: China Emerges as Serbia’s Main Source of Foreign Investment

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Over the past decade, Chinese investments in Serbia have surged 60-fold, establishing China as the primary foreign investment source in Serbia, shared the country’s new ambassador, Li Ming.

“Diverse financial products have facilitated projects such as ‘Clean Serbia’ and the modernisation of telephony and internet. The acquisition of the Smederevo steelworks has revitalised the factory, while firms like Zijin, Linglong, and Hisense have, through various ventures, created 20,000 job opportunities,” Ambassador Li Ming penned in an op-ed in Politika.

He also highlighted Serbia’s 2019 membership in the Asian Infrastructure Investment Bank and ongoing discussions between the two nations on streamlining Serbian companies’ business operations with China and bolstering financial risk resilience.

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“Serbia is a pivotal partner in the Belt and Road Initiative and was among the initial signatories of the Pan-European Cooperation Agreement,” emphasized Li Ming.

Li Ming underscored that the collaboration between China and Serbia, within the Belt and Road framework, consistently adheres to the principles of mutual consultations, joint construction, and shared interests.

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