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A Chinese investment welcomed by Serbia, but defamed by Western media

Xinhua | Updated: 2022-01-09 10:20

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Aerial photo taken on Aug 16, 2021 shows the HBIS Serbia in Smederevo, Serbia. [Photo/Xinhua]

BELGRADE - Several years ago, fierce market competition and management problems plunged the Smederevo steel mill in central Serbia into the verge of bankruptcy.

After a Chinese company purchased the mill in 2016, things have changed: thousands of jobs have been saved, and its production capacity and environmental performance greatly improved.

However, such a model of Belt and Road cooperation widely welcomed by the locals has been constantly smeared by the Western media.

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A Chinese investment welcomed by Serbia, but defamed by Western media

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