Analysis 27 Jun 16

China’s ‘New Silk Road’ Ambitions Boost Sino-Serbian Ties

Serbia should secure infrastructure investment by capitalising on Beijing's planned 'New Silk Road' trade route from Shanghai to Berlin, experts say.

Sasa Dragojlo
BIRN
Belgrade
Serbian PM Vucic with the Chinese President Xi Jinping and his Serbian counterpart Nikolic during the visit to Zelezara. Photo: Beta.

During Chinese President Xi Jinping’s three-day visit to Serbia starting on June 17, top Serbian officials bearing respectful earto-ear smiles could be seen buzzing around him like bees to honey.

And that is hardly surprising, given China is now a major economy and foreign investor while Serbia continues to struggle with the fallout of the global economic crisis, insufficient infrastructure and the challenges of transitioning to a market economy.

In fact, economics experts claim Serbian officials should be doing a lot more to court Chinese investment in much-needed infrastructure projects, noting Serbia is a key stopping point on China’s planned ‘New Silk Road’ – a trade route stretching from China to the heart of the EU market via Eastern and Central Europe.

Jovo Bakic, political analyst and sociology professor at the University of Belgrade, told BIRN that Serbia should “cash in” on China’s aspirations to access the EU trade market considering its geographical and geopolitical position.

“Serbia can use cooperation with China to boost its infrastructure, since Serbia has one of the worst infrastructure networks in the region. Without infrastructure there isn’t any economic development,” he said.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Western Balkans.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us

Talk about it!

blog comments powered by Disqus

Premium Selection

serbia-fostered-culture-of-denial-by-hiding-mladic-11-16-2017
18 Nov 17

Serbia ‘Fostered Culture of Denial’ by Hiding Mladic

Author and journalist Julian Borger argues that because Serbia was not penalised for shielding Ratko Mladic while he was on the run, it helped foster a culture of denial of war crimes and genocide.

russia-lures-turkey-from-nato-with-missile-deal-11-17-2017
17 Nov 17

Russia Lures Turkey From NATO With Missile Deal

Turkey’s plans to buy Russian S-400 missile systems alarm its Western allies but form part of an ever-closer partnership with Russia that will have an obvious impact on the Balkans.