A Chinese investment welcomed by Serbia, but defamed by Western media
    
        
    
      
    
      
    
        
          
          Xinhua |
          Updated: 2022-01-09 10:20
          
          
          
          
        


        
      
    
      
    
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   Aerial photo taken on Aug 16, 2021 shows the HBIS Serbia in Smederevo, Serbia. [Photo/Xinhua] 
 
     

     

    BELGRADE - Several years ago, fierce market competition and management problems plunged the Smederevo steel mill in central Serbia into the verge of bankruptcy.
     

    After a Chinese company purchased the mill in 2016, things have changed: thousands of jobs have been saved, and its production capacity and environmental performance greatly improved.
     

    However, such a model of Belt and Road cooperation widely welcomed by the locals has been constantly smeared by the Western media.
     

          
        
    

        
        
      
    
        
          
          
        

        
          
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