Chinese-Serbian Economic Cooperation: Sudden Wealth and a Game of Musical Chairs

Chinese investments in Serbia provide an interesting political and economic setting. From the Serbian perspective, a rising global power is offering formidable resources for development. These are coupled with sufficient geographical (and perhaps geopolitical) distance so as to appear merely and genuinely ‘business-oriented’. In a seemingly intensifying game of ‘musical chairs’ between strategic orientations of Serbia towards the EU/US and/or Russia, the Chinese offerings might indeed seem like an escapist dream. Yet, as recent events tend to show, the geopolitical distance is shrinking fast and China is likely to introduce its own chair into the game at one point. What remains to be seen is whether it will be too hot for Serbia to sit on when the time comes. Read more ...

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China’s Offering in the Western Balkans

China’s role in the contemporary international order has exponentially grown over the past decade and has culminated with president Xi’s announcement of the ‘millennium project’: One Belt One Road (or the Belt and Road Initiative).  Considering that no country is currently offering such an ambitious endeavor to the world in the near future, China has underlined its leading position in the global agora. And a key role in the revitalization of the ancient Silk Road was put forward for the Western Balkan countries. Read more ...