The United States and Europe have watched as the Chinese footprint in Serbia has grown, shifting Belgrade from its traditional allies in the West to its new friend to the east
That lifeline is now connected to China."If the Chinese didn't buy it, we would have chaos here," says Ljubisa Stojiljkovic, a resident of Smederevo, where the mill dominates the skyline."If it weren't for them, I don't know how these people would survive."The plant struggled in the late 1990s, and US Steel purchased it for $33 million in 2003.
Group, or Hesteel Group, a state-run steel manufacturer, bought the mill for a premium of $52 million, and promised tens of millions more in the future. Of the 66,000 people who live in Smederevo, according to the most recent census from 2011, some 5,000 work at the mill, which declined to grant CNN access to the facilities.Read MoreIt is a small fraction of the ballooning Chinese investment in Serbia, which once hailed itself as one of China's best friends in Europe.
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