Leading Chinese Innovation Park Plans to Open a Center in Serbia

The Suzhou Innovation Park, China, is considering establishing a Business Center in Serbia for Chinese companies aiming to expand their operations, introduce innovative solutions to international markets, and collaborate with Serbian firms in knowledge and advanced technology exchange. This was highlighted today in Beijing during a meeting between Marko Čadež, President of the Serbian Chamber of Commerce and Industry of Serbia(SCC), and the Suzhou delegation, led by Gina Zhang, Head of the Investment Promotion Committee of the park.

The SCC is also interested in organizing a “showroom” for Serbian products and companies within this innovative supercluster, which is home to approximately 1.3 million residents and around 100,000 companies. “These are significant first steps toward connecting our innovative ecosystems,” Čadež stated.

He further emphasized that it was agreed for an SCC delegation to visit Suzhou at the end of February to prepare for a business forum focused on innovations, to be held in Serbia in April during the visit of Suzhou's leadership to the country.

Suzhou has emerged as a leading model for economic and industrial development in China. Located in Jiangsu Province, about 100 kilometers west of Shanghai, it is one of China's most successful and renowned economic development zones. The city is known for its advanced infrastructure, strategic planning, and strong emphasis on innovation and technology. With 12 global centers and a GDP of $50 billion last year, Suzhou represents a magnet for foreign direct investment and a robust base for China's export-driven industries.

During the final day of the SCC delegation’s visit to China, they toured the headquarters of the Fortune 500 company, China Electronics Technology Group Corporation (CETC), and met with Zhou Xiongwei, Executive Vice President of the corporation.

CETC is one of China’s leading state-owned conglomerates, specializing in developing and producing technologies in electronics and information systems. Founded in 2002, the corporation plays a key role in China’s technological advancements, focusing on innovations in artificial intelligence, radar systems, ICT, smart cities, and cybersecurity.

At the meeting, initial potential areas of cooperation were identified, with a CETC team expected to visit Serbia in the coming months to explore opportunities further.

The SCC delegation also attended a formal reception at the Serbian Embassy in China, hosted by Ambassador Maja Stefanović.