Approximately 2.4 billion Euros or $3 billion will be further invested by China in eastern and central Europe as a way to strengthen its already existing business ties with the European Union.

China said last Tuesday how it sees both European regions as budding districts where lucrative businesses may arise. The decision was an aftermath of some major considerations like the rate of people's salary and wages, knowledgeable workforces, and developmental capacities that Europeans offer.

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The major investments that China currently has in the region are mainly centered in banking and finance made visible through loans, infrastructure causes, and energy projects.

However, Chinese Premier Li Keqiang said in front of other European Union leaders during a Belgrade summit that his country is certainly amenable to consider newer and more effective models in investments and financing.

The summit was also highlighted by the talk on the construction of a high-speed train and rail connection between Budapest and Belgrade, a deal that Li is expected to approve.

He was reported saying, "On the Chinese side, we can create a new investment fund with a total value of $3 billion."

He further added that China is anticipating stronger partnership with the EU because of the said investment. He expects that their countries' teamwork and collaboration will become more productive and efficient.

Aleksandar Vucic, Prime Minister of Serbia and host to Li during the summit was also into new and innovative methods of financing in order to relieve his region's current debt situations.

He said, "Of special importance is diversification of the system of financing between interested parties." He added that this is made possible through business partnerships between private and public corporations or firms.

This coming Thursday, Li will spearhead the inauguration of the Chinese-constructed bridge in Belgrade which cost 170 Million Euros. He said that he hopes to inaugurate the planned rail link in 2 years time. 

TagsLi Keqiang, belgrade, budapest