Are you sure?

PM meets with Chinese business leaders

Prime Minister Viktor Orbán held talks with Chinese business leaders on investments in Hungary during a three-day official visit to the Asian country ended Tuesday.

On Monday, Orbán met senior managers of mobile telecommunication giants ZTE and Huawei. Huawei plans to launch a development project that might create 1,500 to 2,000 jobs in Hungary, he said. Huawei opened an assembly plant in Hungary in the spring.

Orbán held talks with Hainan Group President Chen Feng on plans to establish an airline company in Hungary as well as on the reorganisation of Hungarian airline Malév.

Hainan Group is looking for a bridgehead and a reliable partner in the European air transport market, Orbán said.

A joint committee will be established in the interest of forging a long-term cooperation agreement with Chen Feng, one of China's richest men. The committee, to be set up by the National Development Ministry, is to serve the expansion of his investments in Hungary and the region. One of the Hungarians on the committee is to be the construction industry magnate Sándor Demján, who accompanied Orbán on his trip to China.

Orbán met Ding Jiansheng, president of Wanhua Industrial Group, the biggest Chinese investor in Hungary. Wanhua, holds a minority stake in Hungary's BorsodChem, but would like to increase its share in the chemicals company, Wanhua's chief said.

Orbán also held talks on the presence of China's Bank of Communications in Hungary. (MTI Econews)