Vucic spoke at the opening ceremony of the 4th economic forum of China and 16 central and eastern European nations in the Serbian capital of Belgrade on Tuesday.
He said the forum gave Serbia the opportunity to host the economies of East and West, allowing officials and business people to discuss opportunities for economic development.
"The goal of this region is investment. We need an injection of confidence and power. The essence of this forum is to link China and the region," said Vucic. "We need to reform ourselves. Nobody will want to invest in us if we do not invest in ourselves."
- Business council to be formed
Chinese Prime Minister Li Keqiang said a business council will be formed between China and central and eastern European countries, signaling a new phase of cooperation.
"Even though it is winter, it smells like spring," Li said. "We should expect a fruitful spring."
He pointed to the possibility of infrastructure projects and closer financial cooperation and added that China may set up a new $3 billion investment fund in the region.