• bitcoinBitcoin(BTC)$75,734.00-0.86%
  • ethereumEthereum(ETH)$2,392.12-1.27%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$713.19-0.87%
  • rippleXRP(XRP)$1.27-8.75%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$97.20-1.95%
  • tronTRON(TRX)$0.3358860.11%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.00-4.05%
  • zcashZcash(ZEC)$1,269.0713.46%
  • HyperliquidHyperliquid(HYPE)$78.892.70%
  • dogecoinDogecoin(DOGE)$0.079270-2.94%
  • USDSUSDS(USDS)$1.00-0.02%
  • RainRain(RAIN)$0.013168-3.26%
  • moneroMonero(XMR)$491.39-4.17%
  • whitebitWhiteBIT Coin(WBT)$77.80-1.19%
  • leo-tokenLEO Token(LEO)$8.850.68%
  • chainlinkChainlink(LINK)$10.73-4.83%
  • cardanoCardano(ADA)$0.192481-4.79%
  • stellarStellar(XLM)$0.174146-8.29%
  • Ethena USDeEthena USDe(USDE)$1.000.01%
  • daiDai(DAI)$1.00-0.01%
  • USD1USD1(USD1)$1.00-0.01%
  • bitcoin-cashBitcoin Cash(BCH)$216.05-2.41%
  • litecoinLitecoin(LTC)$50.64-2.29%
  • uniswapUniswap(UNI)$6.18-3.62%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.31-1.81%
  • CantonCanton(CC)$0.090984-2.03%
  • Global DollarGlobal Dollar(USDG)$1.00-0.01%
  • nearNEAR Protocol(NEAR)$2.473.93%
  • avalanche-2Avalanche(AVAX)$7.25-2.59%
  • hedera-hashgraphHedera(HBAR)$0.072704-6.47%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • shiba-inuShiba Inu(SHIB)$0.000005-6.62%
  • suiSui(SUI)$0.69-2.19%
  • crypto-com-chainCronos(CRO)$0.055284-2.92%
  • tether-goldTether Gold(XAUT)$4,342.431.14%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • MemeCoreMemeCore(M)$1.120.74%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • BittensorBittensor(TAO)$215.80-4.08%
  • Ripple USDRipple USD(RLUSD)$1.000.01%
  • okbOKB(OKB)$109.55-1.20%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.15-0.05%
  • BitwayBitway(BTW)$0.768.35%
  • pax-goldPAX Gold(PAXG)$4,346.741.18%
  • AsterAster(ASTER)$0.68-1.20%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.0574970.68%
  • mantleMantle(MNT)$0.55-0.55%
  • aaveAave(AAVE)$115.48-7.58%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

China’s Xi Jinping gets red-carpet welcome in Serbia

May 8, 2024
in Market & News
Reading Time: 6 mins read
A A
China’s Xi Jinping gets red-carpet welcome in Serbia
ShareShareShareShareShare
Image caption, Serbian President Aleksandar Vucic (second from right) and his wife Tamara Vucic welcome China’s President Xi Jinping and his wife Peng Liyuan in Belgrade
Article information

  • Author, Guy Delauney
  • Role, BBC News, Belgrade
  • 6 hours ago

The red flags start at Belgrade’s Nikola Tesla Airport and run all the way along the motorway into the centre of Serbia’s capital.

YOU MAY ALSO LIKE

Labor Day Special: Will A.I. Bring About a New Industrial Revolution? | Sept. 7

Israel launches deadly strike on southern Lebanon

This is Serbia’s way of showing that it is proud of its “ironclad friendship” with China – and welcoming Xi Jinping to Belgrade.

At the Western City Gate, more commonly known as the Genex Tower, one entire tower is draped in China’s national colours.

Just for good measure, there is a billboard for Hisense, the Chinese home appliances manufacturer which opened a refrigerator factory in Valjevo, western Serbia, last year.

In some parts of Europe, the Chinese president’s itinerary might have raised eyebrows. After all, it is not often that Serbia finds itself as part of a three-stop tour by an international leader of such stature.

But Serbia has been deepening its relationship with China in recent years, even as it continues with negotiations to join the European Union.

Mr Xi is likely to use his trip to highlight his criticisms of Nato. His visit coincides with the 25th anniversary of the US airstrikes on China’s embassy in Belgrade. And in an editorial for the Serbian newspaper, Politika, the president made it clear that feelings over that incident still run high.

“We should never forget,” he wrote. “The Chinese people cherish peace, but we will never allow such tragic history to repeat itself.”

That kind of rhetoric resonates in Serbia, where the vast majority of people oppose Nato membership. That is a key factor in why this stop on Mr Xi’s European tour makes perfect sense.

Image source, Oliver Bunic/Bloomberg

Image caption, Nato’s 1999 bombing campaign was aimed at pushing Serb forces out of Kosovo

Commercial connections are also a factor. The two countries signed a free trade agreement last year, building on a “comprehensive strategic partnership” in 2016 – the year of Mr Xi’s previous visit to Serbia.

China now claims to be the largest source of foreign direct investment (FDI) in Serbia. Its ambassador, Li Ming, says that Hisense, along with mining company Zijin and tyre manufacturer Linglong, provide 20,000.

UN trade figures actually put China in fifth place on the foreign direct investment list, behind Germany, Italy, the US and Russia.

Nonetheless, the Chinese investments are eye-catching – and only likely to increase. Serbia has just taken delivery of its first Chinese electric high-speed trains. They will eventually run alongside Swiss-made rolling stock on the Belgrade-Budapest railway, which is being reconstructed with Chinese expertise and finance.

And that is just the start. Serbia’s infrastructure minister, Goran Vesic, says Chinese partners will work on other infrastructure, including roads, bridges, tunnels and sewage. “There is really a lot of room for co-operation with Chinese companies,” he told Serbia’s national broadcaster, RTS.

No wonder Serbia’s president, Aleksandar Vucic, is planning to personally serve the finest wines his country has to offer to his Chinese counterpart during a banquet in Mr Xi’s honour.

Image source, Reuters/Aurélien Morissard

Image caption, Xi Jinping was treated to a wet day in the Pyrenees at the end of his French visit

Noting that within five years Serbian wine will face no import tariffs in China, Mr Vucic told China Central Television that Serbian wines were “not as expensive as [those] in France” and that he believed Mr Xi was “going to like” his selections.

This was perhaps a gentle dig at Emmanuel Macron, who hosted Mr Xi for the first stop on his European trip. The French president’s offering was a bottle of Rémy Martin Louis XIII cognac, which would cost the best part of €5,000 in Belgrade.

A trip to the Pyrenees was also included in the charm offensive – to sweeten pleas by Mr Macron and European Commission President Ursula von der Leyen for Mr Xi to ensure more balanced trade with Europe and influence Russia’s President Vladimir Putin to end the war in Ukraine.

After Belgrade, the next stop for China’s president will be Budapest, where he will meet his strongest ally among the leaders of EU member states, Hungarian Prime Minister Viktor Orban.

Chinese investments are also a strong factor there – with a factory for electric car giant BYD among the projects that buttress Mr Orban’s resistance to the EU consensus on everything from migration to providing arms to Ukraine.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Labor Day Special: Will A.I. Bring About a New Industrial Revolution? | Sept. 7
Market & News

Labor Day Special: Will A.I. Bring About a New Industrial Revolution? | Sept. 7

September 16, 2026
Israel launches deadly strike on southern Lebanon
Market & News

Israel launches deadly strike on southern Lebanon

September 16, 2026
This Morning’s Top Headlines – Sept. 7 | Morning News NOW
Market & News

This Morning’s Top Headlines – Sept. 7 | Morning News NOW

September 16, 2026
5 killed after Amazon cargo plane overruns Miami runway
Market & News

5 killed after Amazon cargo plane overruns Miami runway

September 16, 2026
Next Post
(URGENT) This stock is crashing after hours…

(URGENT) This stock is crashing after hours...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Yoto Just Announced Two New Audio Devices For Kids

Yoto Just Announced Two New Audio Devices For Kids

September 10, 2026
LandingAI Releases Agentic Document Extraction Gen2 with DPT-3 Pro and DPT-3 Verity

LandingAI Releases Agentic Document Extraction Gen2 with DPT-3 Pro and DPT-3 Verity

September 10, 2026
Meet the Press NOW — September 9

Meet the Press NOW — September 9

September 14, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!