A century-old steel plant's revival under Belt and Road Initiative

For more: https://news.cgtn.com/news/2023-10-08... Founded in 1913, the Smederevo Steel Mill at one time contributed 40% of the city's revenue and was known as the "pride of Serbia." But it began to lose money, and intensified market competition and poor management brought it to the brink of bankruptcy. In April 2016, its 5,000 employees were facing unemployment. The HBIS Group, a steel company based in northern China's Hebei Province, set up HBIS Serbia under the framework of the Belt and Road Initiative. Two years later, the Smederevo steel plant became the largest exporter in Serbia. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn... Download our APP on Google Play (Android): https://play.google.com/store/apps/de...