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China's Poly Group shows interest in producing military equipment in Serbia - govt

Jan 19, 2017, 2:18:13 PMArticle by Radomir Ralev
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January 19 (SeeNews) - China's Poly Group Corporation has expressed interest in manufacturing military equipment in Serbia, the government in Belgrade said.

China's Poly Group shows interest in producing military equipment in Serbia - govt
Source: Serbian Government

Poly Group representatives have shown interest in setting up a joint venture with Serbian state-owned weapons trading company JP Jugoimport SDPR to develop and produce anti-terrorist equipment, night vision devices and missile systems, the Serbian government said in a statement on Wednesday.

Serbian prime minister Aleksandar Vucic met the president of Poly Group, Xu Niansha, on the sidelines of the World Economic Forum in Davos, the government added.

Poly Group is an important partner of Serbia, and it is necessary to continue talks on joint research and development projects, Vucic noted, according to the statement.

The Chinese company is one of the central enterprises under the supervision and management of the country's State-owned Assets Supervision and Administration Commission (SASAC). Headquartered in Beijing, Poly Group has more than 600 subsidiaries and some 60,000 employees. Four of those subsidiaries are listed on the Shanghai Stock Exchange, namely Poly Real Estate, Poly Property Group, Poly Culture Group, and Guizhou Jiulian Industrial Explosive Materials Development.

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