EU Should Not Close Itself off From China, Says Minister

EU

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It is in Hungary's interest to have good economic relations with all world powers and the European Union should not make the mistake of closing itself off on ideological grounds from the economic opportunity China represents, Gergely Gulyás, the head of the Prime Minister's Office, said at a regular press briefing, according to a report by state news wire MTI.

Gulyás said China has a good chance of becoming the strongest economic player in the world within a decade, but the United States also has the vitality to compete. However, the chance for the EU to become the third major economic power seems to be lost.

Concerning tariffs the EU has levied on electric cars from China, the minister said there are cases where protective tariffs can be justified, but in this case European car manufacturers could lose the Chinese market due to the expected response.

Gulyás said Hungary's recently concluded nuclear agreements with China and Japan primarily serve security purposes, the technological cooperation does not mean the building of new nuclear power plants.

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