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Politics

Serbia leads China-CEE cooperation on Belt and Road

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2016-06-17 14:48Xinhua Editor: Gu Liping

It normally takes six hours to travel to Belgrade from Budapest by train. But this will soon be history: When the planned Hungary-Serbia railway is completed by the end of 2017 as scheduled, the journey will be shortened to less than three hours.[Special coverage]

The 350-km railroad, 184 km of which will run in Serbia, is designed for electrified passenger and cargo trains whose maximum speed could reach 200 km per hour.

Though tens of thousands of miles away from China, the railway, being constructed by a consortium of Chinese, Serbian and Hungarian companies, represents a flagship project of cooperation between the world's second-largest economy and Central and Eastern European (CEE) countries.

At a launching ceremony late last year in Serbia's second-largest city, Novi Sad, Serbian Prime Minister Aleksandar Vucic stressed that the new railway significantly brings Serbia closer to the central zones of Europe and will help transform Serbia into a regional hub of transportation and logistics.

STRONG PARTNERSHIP

The railway project is a typical example of the intensifying cooperation between China and Serbia. As the first CEE country to establish a strategic partnership with China in August 2009, the Balkan state has since witnessed a growing number of China-related infrastructure projects breaking earth on its soil.

"China and Serbia have given each other firm support on issues concerning their core interests, which shows the essence of a strategic relationship," Li Manchang, the Chinese ambassador to Serbia, told Xinhua.

Major achievements in bilateral cooperation in recent years include the Pupin Bridge over the Danube River in Belgrade, which was China's first big infrastructure investment on the European continent and has greatly improved the city's traffic conditions since its 2014 inauguration, and the Kostolac power plant, the first Chinese electric power project in Europe.

The two countries have also broadened their cooperation in areas like energy, iron and steel, telecommunication and finance. The model of cooperation has also shifted from traditional loan granting to direct investment or joint ventures.

"Such cooperation places emphasis on improving local people's livelihood, so that they can see the actual benefits from closer bilateral ties," said Li.

In 2015, China and Serbia signed a Memorandum of Understanding, pledging to jointly push ahead the Belt and Road Initiative.

"This shows Serbia's strong support of the China-proposed initiative, while the two countries have set a great example for win-win cooperation between China and the CEE countries," the ambassador said.

  

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