The Republic of Serbia is an important partner in the “Belt and Road” Initiative and is among the first signatories of the “Belt and Road” Cooperation Agreement with China across Europe, said the new ambassador of the Republic of China to Serbia, Li Ming, in his author’s text, stressing that he initiated the initiative. President of the People’s Republic of China Xi Jinping in 2013.
In the last decade, Chinese investments in Serbia have increased 60 times, and China has become the main source of foreign investments in Serbia. Various financial products helped in the implementation of the projects “Clean Serbia” and “Modernization of telephony and Internet” and contributed to the green development of Serbia. In addition, Chinese companies such as “Ciđin”, “Hisense”, “Linglong” have created more than 20,000 new jobs through various projects in Serbia. Serbia became a member of the Asian Bank for Infrastructure Investments in 2019. The two parties are agreeing on the establishment of a clearing bank for RMB in Serbia, which will facilitate the business of Serbian companies with China, but also strengthen Serbia’s resistance to financial risks.
“More than 150 countries and 30 international organizations participate in the Belt and Road Initiative, almost a trillion US dollars have been invested, more than 3,000 projects have been implemented, more than 420,000 jobs have been created and almost 40 million people have been lifted out of poverty thanks to this initiative.” written by Li Ming.