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3Novices:How a Serbian town shows China’s global expansion, US retreat

A giant Chinese red flag flutters on a pole where an American flag used to fly at a steel mill in this dusty industrial Serbian town. The company logos of US Steel are faded on the huge chimneys stacks, replaced by those of a Chinese company.
When US Steel sold its loss-making smelter in Serbia to the government for the symbolic sum of US$1 in 2012, few here thought the ailing communist-era factory would ever be revived. Then came along a state-owned Chinese company.
Hebei Iron & Steel…
July 11, 2017 at 12:01PM http://ift.tt/2uLTscY
#3Novices #News #OnlineMedia #China 3Novices China

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