Belt and Road investments in Serbia: Is China a new saviour or a new threat?
Versatile political and institutional cooperation between Serbia and China recently spurred the dynamic development of economic relations between the two countries. Those progressed quickly, especially due to Serbia’s participation in the format China-Central and Eastern European countries and the B...
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| Format: | Article |
| Language: | English |
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Institute of International Politics and Economics, Belgrade
2023-02-01
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| Series: | Međunarodni Problemi |
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| Online Access: | https://internationalproblems.rs/wp-content/uploads/MP/2023/1/MP-2023-1-article-3.pdf |
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| _version_ | 1846119843016736768 |
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| author | Vladan Ivanović Katarina Zakić |
| author_facet | Vladan Ivanović Katarina Zakić |
| author_sort | Vladan Ivanović |
| collection | DOAJ |
| description | Versatile political and institutional cooperation between Serbia and China recently spurred the dynamic development of economic relations between the two countries. Those progressed quickly, especially due to Serbia’s participation in the format China-Central and Eastern European countries and the Belt and Road initiative. it caused changes in economic relations between China and Serbia in three directions: changes in trade patterns, the volume of loans, and the inflow of Chinese investments. This article focuses on the Chinese Belt and Road investments (foreign direct investments, acquisitions, and joint ventures) in Serbia while using qualitative along with descriptive statistical analysis. The authors analysed the type of companies, value of investments, and industries in which Chinese companies invested capital in the period 2014-2022. Research findings indicate an increase in bilateral trade, especially in export, after the Chinese investments have been made. The value of Chinese investment has grown over time, with a relatively high concentration in the automotive industry and a presence in rather few industries. The first investments were realized by state-owned enterprises and, in recent times, by private-owned companies. The authors indicate that while China’s role in Serbian economic development is increasing, it should not be categorized either as a saviour or a threat, but as a rather important economic partner of Serbia whose influence in Serbia is increasing. However, the interplay between China and Serbia, determined by the interests of both sides as well as the capabilities of Serbia to design appropriate institutional and policy frameworks will determine the contribution of Chinese investments to Serbian economic development in the future. |
| format | Article |
| id | doaj-art-6f361f4e4af448d6948c3936d51e245c |
| institution | Kabale University |
| issn | 0025-8555 2406-0690 |
| language | English |
| publishDate | 2023-02-01 |
| publisher | Institute of International Politics and Economics, Belgrade |
| record_format | Article |
| series | Međunarodni Problemi |
| spelling | doaj-art-6f361f4e4af448d6948c3936d51e245c2024-12-16T17:49:33ZengInstitute of International Politics and Economics, BelgradeMeđunarodni Problemi0025-85552406-06902023-02-01751659210.2298/MEDJP2301065iBelt and Road investments in Serbia: Is China a new saviour or a new threat?Vladan Ivanović0https://orcid.org/0000-0001-9205-8645Katarina Zakić1https://orcid.org/0000-0002-6091-8433Faculty of Economics, University of Kragujevac, SerbiaInstitute of International Politics and Economics, Belgrade, SerbiaVersatile political and institutional cooperation between Serbia and China recently spurred the dynamic development of economic relations between the two countries. Those progressed quickly, especially due to Serbia’s participation in the format China-Central and Eastern European countries and the Belt and Road initiative. it caused changes in economic relations between China and Serbia in three directions: changes in trade patterns, the volume of loans, and the inflow of Chinese investments. This article focuses on the Chinese Belt and Road investments (foreign direct investments, acquisitions, and joint ventures) in Serbia while using qualitative along with descriptive statistical analysis. The authors analysed the type of companies, value of investments, and industries in which Chinese companies invested capital in the period 2014-2022. Research findings indicate an increase in bilateral trade, especially in export, after the Chinese investments have been made. The value of Chinese investment has grown over time, with a relatively high concentration in the automotive industry and a presence in rather few industries. The first investments were realized by state-owned enterprises and, in recent times, by private-owned companies. The authors indicate that while China’s role in Serbian economic development is increasing, it should not be categorized either as a saviour or a threat, but as a rather important economic partner of Serbia whose influence in Serbia is increasing. However, the interplay between China and Serbia, determined by the interests of both sides as well as the capabilities of Serbia to design appropriate institutional and policy frameworks will determine the contribution of Chinese investments to Serbian economic development in the future.https://internationalproblems.rs/wp-content/uploads/MP/2023/1/MP-2023-1-article-3.pdfserbiachinaeconomic cooperationinvestmentsautomotive industry |
| spellingShingle | Vladan Ivanović Katarina Zakić Belt and Road investments in Serbia: Is China a new saviour or a new threat? Međunarodni Problemi serbia china economic cooperation investments automotive industry |
| title | Belt and Road investments in Serbia: Is China a new saviour or a new threat? |
| title_full | Belt and Road investments in Serbia: Is China a new saviour or a new threat? |
| title_fullStr | Belt and Road investments in Serbia: Is China a new saviour or a new threat? |
| title_full_unstemmed | Belt and Road investments in Serbia: Is China a new saviour or a new threat? |
| title_short | Belt and Road investments in Serbia: Is China a new saviour or a new threat? |
| title_sort | belt and road investments in serbia is china a new saviour or a new threat |
| topic | serbia china economic cooperation investments automotive industry |
| url | https://internationalproblems.rs/wp-content/uploads/MP/2023/1/MP-2023-1-article-3.pdf |
| work_keys_str_mv | AT vladanivanovic beltandroadinvestmentsinserbiaischinaanewsaviouroranewthreat AT katarinazakic beltandroadinvestmentsinserbiaischinaanewsaviouroranewthreat |