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China invested $2.8 billion in Serbia, hub to CE Europe

Staff writer |
Economic links between China and Serbia are growing with the development of the Belt and Road Initiative.

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China is also making efforts to expand cooperation with Central and Eastern European countries as a whole.

China's total investment in Serbia over the years has now reached between $2.5 billion and $2.8 billion.

Major contract projects include the Belgrade-Budapest Railway, the Mihajlo Pupin Bridge, the E763 Motorway and an expansion and upgrading of the Kostolac Power Plant.

China's central bank announced that it had signed a 1.5 billion yuan bilateral currency swap agreement with its Serbian counterpart that's about $228 million.

In the first third of this year, China invested $85 million in Serbia, while Serbia invested $34 million in China. The two countries plan to continue to increase trade and investment.

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