The Chinese company SHAC will invest 40 million euros in the construction of a plant in Novi Sad, Serbia. The company has already signed an agreement with the German automaker BMW. The plant is expected to open by the end of 2025, with the first serial deliveries to European customers scheduled for the first quarter of 2027.
Other Chinese investment projects in Serbia:
Energy sector: In May 2024, the Serbian Ministry of Mines and Energy signed two agreements with Chinese companies totaling about €2.7 billion. These investments include the construction of an oil and petroleum product refinery in Smederevo and the construction of a solar panel plant in Paracin.
Infrastructure: The Chinese company Shandong High-speed Group is involved in the construction of the Belgrade-Zrenjanin-Novi Sad highway, as well as in the reconstruction project of the Constantine the Great airport in Niš.
Automotive industry: Mei Ta has invested 60 million euros in the construction of a plant for the production of automotive components in Obrenovac.
These projects demonstrate the expansion of Chinese investment in various sectors of the Serbian economy, contributing to industrial development and job creation in the region.
Source: https://t.me/relocationrs/741
China’s total overseas non-financial direct investment (ODI) in January-February rose 9.1 percent year-on-year to $22.97 billion, the Ministry of Commerce said.
The amount of money invested in states along the Belt and Road rose 17.6% to $5.52 billion, Xinhua news agency quoted the ministry as saying.
As reported, by the end of 2024, the total volume of Chinese ODI increased by 10.5% to $143.85 billion.
Both Russia and China are interested in establishing relations with the United States, US President Donald Trump said on Fox News’ The Ingraham Angle on Tuesday.
Asked by the host if it was possible to believe that Putin really wants this, while he is influenced by “his close friend, President Xi of China,” Trump replied that “we have our own discussions with President Xi of China, and he also wants to make a deal and we want to make a deal with him. And we will do that.”
Trump blamed the Barack Obama administration for the rapprochement between Russia and China.
“Obama really forced them together through energy and bad energy policy. And when he did so many different things, he forced (them) into a marriage that should never have happened. Because it’s unnatural. And for one reason: Russia has a huge territory, a lot of land, and China doesn’t have enough land. Russia has a much smaller population than China. And it’s natural, it’s always been a natural hostile situation,” Trump said.
“Maybe they’re friendly now, but we’re going to be friendly with both of them. I think we will be friendly with both. China desperately needs us in terms of trade, but we have to equalize the deficit,” he added.
“I think President Xi would like to reach an agreement, and I think Russia would like to reach an agreement with the United States,” Trump summarized.
The first container of Serbian goods was shipped to China on Friday as part of the Free Trade Agreement between the two countries, according to the Serbian government website. The container contains products from local companies such as Pionir, Akov, Fruskogorski Vinograd, Vinarija Aleksić, Nutrino, Nash Med, Zarić Rakija, Budimka, and Damar. The transportation was organized by the Milšped company from Krnoševac, near Stara Pazova.
The Minister of Economy Adriana Mesarović noted that this is the result of the hard work of Serbian entrepreneurs, government agencies and Chinese partners, as well as confirmation of the “steel friendship” between China and Serbia. She emphasized that Chinese retailers, importers and distributors have expressed their willingness to accept Serbian products in a market of 1.4 billion consumers.
Chinese Ambassador to Serbia Li Ming said that thanks to the Free Trade Agreement, which entered into force on July 1, 2024, Serbia became China’s first partner in Central and Eastern Europe with such an agreement. He noted that since the agreement came into force, Serbia’s exports to China have increased by 53.7%, and more and more Serbian wines and dairy products are appearing on Chinese tables.
The free trade agreement covers 10,412 Serbian and 8,930 Chinese products. From the first day of application, 60% of the goods were exempted from duties, and over the next five to ten years, another 30% of products will be exempted from customs duties.
Source: https://t.me/relocationrs/633
In January-February, China reduced steel production by 1.5% year-on-year to 166.3 million tons, according to the country’s State Statistics Office.
Pig iron production decreased by 0.5% to 140.75 million tons.
The State Statistics Office traditionally publishes economic indicators for January and February together to avoid data distortion due to long holidays to mark the Lunar New Year, which can fall in both January and February.
In January-February, China exported 16.97 million tons of steel, up 6.7% year-on-year, according to the State Customs Administration.
As reported, in 2024, steel production in China decreased by 1.7% to 1.005 billion tons.
The volume of foreign direct investment (FDI) in the economy of mainland China in January-February decreased by 20.4% compared to the same period last year and amounted to 171.21 billion yuan ($23.87 billion), according to the Ministry of Commerce. The manufacturing industry accounted for 47.82 billion yuan, and the service sector for 120.49 billion yuan.
At the same time, the UK’s FDI in China grew by 87.9%, Germany’s by 54.7%, and South Korea’s by 45.2%, Xinhua cited the ministry’s data.
At the same time, 7,574 thousand new enterprises with foreign capital were registered in the country in two months, which is 5.8% more than their number in the same period in 2024.
As reported, the volume of FDI in 2024 fell by 27.1% to 826.25 billion yuan. This is the largest decline in the history of calculations (since 2008).
