China

A Chinese company revives Serbia's Smederevo steel mill, countering critics of "neo-colonialism"

By Zhang Yu | 21st Century Media

Updated: 2025-11-04 15:00

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In a strong rebuttal to Western double standards and claims of "neo-colonialism", look at Hesteel in Serbia. After taking over the steel mill in 2016, the company returned it to profitability and retained thousands of jobs, showing that tangible outcomes can speak louder than rhetoric.

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