September 7 (SeeNews) - China's Hebei province is holding talks with Serbia to launch an industrial zone in Smederevo, Chinese ambassador Li Manchang said on Thursday.
The Serbian government is also in talks for attracting more Chinese investors like steel maker Hesteel, a company based in Hebei, Manchang said in a video file posted on the website of Serbian news agency Tanjug.
Hesteel officially took over the management and ownership of Zelezara Smederevo steel mill in July 2016.
In April 2016, Serbia's government agreed to sell the steel mill to Hesteel, after the Chinese investor submitted a binding offer to buy all 98 property units of Zelezara Smederevo for a total of 46 million euro ($55.1 million).