Serbia’s relationship with China has evolved into one of the most critical components of its international economic strategy. This “steel friendship,” as Serbian officials often describe it, is rooted in a comprehensive strategic partnership that spans infrastructure, energy, and industrial sectors. The collaboration has intensified in recent years, fueled by China’s Belt and Road Initiative (BRI), which has made Serbia a crucial node in China’s European logistics and infrastructure network.
Key investments and projects
China’s investments in Serbia are diverse, covering infrastructure, telecommunications, and energy sectors. One of the most prominent projects is the Belgrade-Budapest high-speed railway, which aims to connect the capitals of Serbia and Hungary, streamlining trade and transport routes through Central and Eastern Europe. This project exemplifies China’s interest in enhancing European connectivity under the BRI.
Additionally, Chinese companies have made significant investments in Serbian industries, particularly in steel production and mining. The purchase of the Smederevo steel plant by China’s Hesteel Group, one of the largest producers in the world, has saved thousands of jobs and revitalized the local economy. This acquisition is a cornerstone of Serbia’s industrial revival, positioning the country as a key player in Europe’s steel production.
Broader strategic cooperation
The partnership is not limited to infrastructure. China has also been instrumental in modernizing Serbia’s energy sector, with projects focusing on renewable energy and clean technology. Hydropower plants and wind energy projects funded by Chinese investments contribute to Serbia’s efforts to diversify its energy mix, helping the country meet its sustainability goals.
Diplomatically, the relationship between the two nations remains strong. High-level visits, including those by Chinese Foreign Minister Wang Yi, underline the political and economic alignment between the countries. These exchanges, combined with consistent Chinese support on international platforms, have fortified Serbia’s geopolitical standing in the region.
Looking ahead
As Serbia continues to deepen its ties with China, the two countries are likely to explore further opportunities in sectors such as digital infrastructure and technology transfer, as Serbia aims to modernize its economy with the help of Chinese expertise. The strategic partnership shows no signs of slowing down, with both countries committed to mutual growth and collaboration across a range of industries.
