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In 2017, the deal value of Chinese M&As in ASEAN surged to 34.1 billion U.S. dollars, rising by 268 percent and representing a quarter of the total value of disclosed Chinese M&As, accounting firm Ernst & Young (EY) said in a report.

The swift recovery of the flood victims has been made possible by the Post-Flood Recovery Program, under the framework of the China South-South Cooperation Assistance Fund.

Ironically, the Western world where globalization originated has now become hostile to globalization in one way or another. Skeptics argue that globalization, which means free and open trade, is costing them their jobs at home and their way of life.

The rich countries boast the largest number of the biggest multinational corporations (MNCs), like Apple, McDonald's and IKEA. These MNCs have operations overseas, where operation costs are lower, to jack up their profits and then remit back the lion's share of that, leaving the assembly line workers in developing countries with only crumbs.

Among those present were Lyu Xinhua, chairman of the CPSSC, Chinese Ambassador to Serbia Li Manchang, and representatives of the Serbian chamber of commerce and the ministry of economy.