China’s New Silk Road Encroaches on U.S. Turf in Eastern Europe - Bloomberg
▻https://www.bloomberg.com/news/articles/2017-07-12/china-s-new-silk-road-encroaches-on-u-s-turf-in-eastern-europe
In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China.
Mrkic, a one-time foreign minister, anticipates investors from Hong Kong and Beijing will pour tens of millions of euros into eastern Europe and he wants Serbia — among the poorest — to be ready. For decades, U.S. money has powered steel plants and carmakers in post-Communist Europe, but the region is now hanging its hopes on China stepping into the void created by Donald Trump’s isolationist turn.