Shijiazhuang

Serbian PM meets with Chinese president on Davos sidelines

Prime Minister Aleksandar Vucic and Chinese President Xi Jinping met on Tuesday in Davos, Switzerland, on the sidelines of the World Economic Forum.

They spoke about Zelezara Smederevo steelworks, now owned by the Chinese company Hesteel, "and about future joint projects," the Serbian government said.

Smog in northern China shuts roads, causes canceled flights

Heavy smog in northern China yesterday caused hundreds of flights to be cancelled and highways to shut, disrupting the first day of the new year holiday. 

Large parts of the north were hit by hazardous smog in mid-December, leading authorities to order hundreds of factories to close and to restrict motorists to cut emissions. 

China's smoggiest city closes schools amid public anger

China's smoggiest city closed schools Dec. 21 as much of the country suffered its sixth day under an oppressive haze, sparking public anger about the slow response to the threat to children's health.

Since Dec. 16, a choking miasma has covered a large swathe of northeastern China, leaving more than 460 million gasping for breath.

Hesteel to invest 120 mln dollars in Smederevo plant in 2017

BELGRADE - China's Hesteel Group will invest 120 mln dollars in the Smederevo steel mill in 2017, the group's President Yu Yong said after meeting with Serbian Minister of Economy Goran Knezevic on Wednesday.

The funds will be invested directly in reconstruction and acquisition of equipment and technology to improve operation even further, announced Yong.

Government adopts draft on HBIS steel deal

The Serbian government has adopted a draft framework agreement on investment between China's He Steel Group Co Ltd and the Republic of Serbia.

A commission tasked with implementing the procedure of the sale of the Zeleara Smederevo steel mill assets opened on April 5 a bid submitted by the only participant in the procedure, China's He Steel (formerly known in English as HBIS).