Beijing

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China launches 10 bln euro fund for Central, Eastern Europe

China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Nov. 6.

The China-Central Eastern Europe fund will be run by Sino-CEE Financial Holdings Ltd, a company established by the bank earlier this year.

The high price of illusions

This is a country where passions often run high and people believe in easy solutions. It's time we realized that there's no such thing as a free lunch, whether in economic or geopolitical matters. No one holds a wand that will magically revive the economy and lead the country out of the values crisis it is immersed in.

Serbia Eyes Benefits of Scrapping Visas with China

Serbia's proposal that China and Serbia abolish visas between the two countries could lead to a boom in tourism to Serbia, former Serbian ambassador to China Slobodan Unkovic said.

"If this proposal passes, combined with the proposal to open Belgrade-Beijing flights and a Belgrade-Shanghai link, it could lead to the major boost in Serbian tourism," Unkovic told BIRN on Monday.

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