The Environmental Sustainability Practices of Chinese Enterprises Operating in Serbia
China’s Belt and Road Initiative, often known as One Belt, One Road (OBOR), is one of President Xi Jinping’s most ambitious international and economic undertakings. It seeks to connect Asia, Africa, and Europe via maritime and land networks in order to strengthen regional solidarity, promote trade, and stimulate economic growth. Because of its geopolitical orientation, the Balkan Peninsula, which contains the road networks, is crucial for the Belt and Road Project. The land route from China to Europe goes through Turkey. Beijing is trying to infiltrate Europe through the Balkan countries, which will open up a big market for China. From year to year, Chinese interest in Serbia has grown. Among all Western Balkan countries, Serbia stands out when we talk about the Chinese investment rate in the Western Balkan countries. A plethora of bilateral agreements exist between China and Serbia, including the Free Trade Agreement (FTA) and the Comprehensive Strategic Partnership Agreement. Chinese investments in Serbia are primarily concentrated in the following sectors: transportation, energy, telecommunications, infrastructure, and agriculture. The legitimate question in this case is what is the possible opportunity that is being sought by the Republic of China? What are the interests behind these investments in various areas? To find these answers in regard to trade and investment by BRI in Serbia is the primary goal of this research paper.
Authors
- Manish Jaiswal
- Kristína Šebová
Institutions
- Indian Council for Research on International Economic Relations (IN)
- Matej Bel University (SK)
Publication Details
- Journal
- Hong Kong Review of Belt and Road Studies
- Published
- 2024-12-30
- DOI
- https://doi.org/10.63596/oborjournal.2.2024.66-76
- Primary Topic
- Regional Development and Management Studies
- Type
- article
- Field-Weighted Citation Impact
- 0.00