chinese companies

Winners & losers: The real balance sheet of China’s industrial expansion in Serbia

Chinese producers have become some of the most powerful industrial actors in Serbia. They run the country’s largest steelworks, the biggest copper mines, major chemical and machinery facilities, and an expanding portfolio of energy-technology operations. Their arrival stabilised failing industries and revived export capacity — but it also created a new industrial geography marked by environmental strain, strategic dependence, and uneven local benefits. To understand China’s true footprint in Serbia, one must examine not just the investments, but who wins, who…