According to Serbian Economist, China’s CCSC Technology International Holdings Limited has announced that construction of a cable factory and logistics center in the Serbian municipality of Merosina is scheduled to begin in January 2026.
The company had previously expected work to start in November 2025, but has postponed the deadline. The new schedule was announced during the presentation of financial results for the first half of fiscal year 2026, which ended on September 30, 2025.
As noted in the announcement, the project in Merosina is scheduled for completion at the end of 2026. Once completed, the facility is expected to become the company’s logistics and manufacturing hub for its European operations.
The investment has been discussed with local authorities before: it was reported that the Chinese partners’ enterprise in Merosina could provide about 200 jobs.
CCSC specializes in the production of cables, connectors, and cable harnesses, which are used, in particular, in the automotive industry, robotics, and medical equipment.
The Chinese Foreign Ministry announced sanctions against 10 individuals and 20 US defense companies in response to the latest US arms deliveries to Taiwan. This was stated in a statement by the Chinese Foreign Ministry, released on Friday and quoted by Reuters.
The restrictions apply, in particular, to Boeing in St. Louis, as well as a number of other US defense contractors. The sanctions include freezing any assets of companies and individuals in China and prohibiting Chinese legal entities and individuals from doing business with them. In addition, executives on the sanctions list are barred from entering mainland China, as well as Hong Kong and Macau.
Beijing linked the decision to Washington’s approval of a large package of arms supplies to Taiwan worth more than $10 billion, including HIMARS multiple launch rocket systems, artillery, and other types of weapons to strengthen the island’s defenses.
The Chinese authorities have stated that they consider US arms supplies to be interference in the internal affairs of the PRC and a violation of the “one China” principle, promising to continue to take “decisive measures” in response to the arming of Taiwan.
The Experts Club think tank previously compared the military capabilities of China and Taiwan. For more details, see https://www.youtube.com/shorts/kFdxOOC4_Ss
The US will impose tariffs on chip imports from China in connection with Beijing’s “unreasonable” attempts to secure dominance in the semiconductor industry, the administration of US President Donald Trump has announced. The size of the tariffs will be announced at least 30 days before their introduction, which has been postponed until June 2027.
“China’s focus on dominating the semiconductor industry is unreasonable and burdens or restricts US trade, and therefore warrants action,” said US Trade Representative Jamison Greer in a statement.
The US authorities have been investigating Chinese chip imports for unfair trade practices throughout the year and have concluded that China has been engaging in such practices.
Beijing could use its control over the global semiconductor industry to exert economic pressure on other countries, the trade representative’s release said.
In response, the Chinese Foreign Ministry criticized the US for abusing tariffs and suppressing sectors of the Chinese economy.
Ministry spokesman Lin Jian said that the American approach harms not only global supply chains, but also Americans themselves.
“If the US continues to do things its own way, China will resolutely take appropriate measures to protect its legitimate rights and interests,” the Financial Times quoted him as saying.
First Deputy Minister of Foreign Affairs of Ukraine Serhiy Kyslytsya discussed ways to strengthen trade and economic cooperation between the two countries with Deputy Minister of Foreign Affairs of China Liu Bin in Beijing.
“In Beijing, First Deputy Minister of Foreign Affairs Serhiy Kyslytsya held Ukrainian-Chinese political consultations with Assistant (Deputy) Minister of Foreign Affairs of the People’s Republic of China Liu Bin,” according to a statement from the press service of the Ministry of Foreign Affairs.
According to the report, the parties discussed topical issues on the bilateral agenda, outlined plans for further contacts at the highest and high levels, discussed ways to strengthen trade and economic cooperation, and issues of interaction within international organizations.
The interlocutors confirmed that mutual respect for sovereignty and territorial integrity is the foundation of Ukrainian-Chinese relations.
“There was an in-depth exchange of views on the current situation related to the ongoing armed aggression of the Russian Federation against Ukraine, as well as international efforts to achieve sustainable and lasting peace,” the statement said.
As part of his working visit to Beijing, Kislitsya also met with representatives of Chinese expert and analytical circles, as well as the diplomatic corps of partner countries.
Foreign direct investment (FDI) in mainland China’s economy in January-November 2025 fell 7.5% year-on-year to 693.18 billion yuan ($98.5 billion), according to the Ministry of Commerce.
The manufacturing sector attracted 171.72 billion yuan, while the services sector attracted 506.29 billion yuan.
Meanwhile, Switzerland’s FDI rose 67%, the UAE’s 47.6% and the UK’s 19.3%. FDI in November increased 26.1% year-on-year. As reported, FDI in 2024 collapsed 27.1% to 826.25 billion yuan. This is the maximum decline in the history of counting (since 2008).
On 18 December, the Chinese authorities introduced an independent customs regime for Hainan Island, which allows for freer importation of foreign goods and expands the range of products eligible for zero tariffs, according to Xinhua.
This is one of the most significant steps in China’s efforts to promote free trade and greater economic openness, the publication notes.
The island, which covers an area of more than 30,000 square kilometres, has been declared a special customs control zone. The business environment for foreign companies here will be more in line with international standards, with lower taxes and production costs, as well as expanded access to services, including healthcare and education. Businesses will be able to use Hainan as a platform to enter the huge mainland Chinese market, Xinhua notes.
The list of goods exempt from customs duties at the port of Hainan has been expanded from 1,900 to 6,600, and the share of such goods in total shipments will increase from 21% to 74%.
In addition, in accordance with current regulations, these goods can be shipped to mainland China after processing, creating added value of at least 30%.
Hainan became a special economic zone in China in 1988. According to official data, more than 9,600 new enterprises with foreign investment have been established in the province since 2020.
Hainan’s GDP last year was $113 billion, which is comparable to the world’s 70th largest economy, according to the World Bank.
