Orbán Warns 'Decoupling' From China Would Be 'Huge Mistake' for EU

EU

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Prime Minister Viktor Orbán said initiatives in Brussels backing a "decoupling" with China are "a huge mistake", fielding questions at a year-end international press conference on Wednesday, according to a report by news agency MTI.

"We must do everything in the interest of ensuring that economic ties between China and Europe and China and Hungary function as well as possible," Orbán said, adding that Hungary "firmly backs" cooperation with countries in the East as well as in the West.

He said that China is a producer of "the world's most modern technologies" and has "know-how that is fresher than what we have". "Hungary needs that technological knowledge for capabilities and production chains," he added.

Orbán noted that China and South Korea have alternated as the top foreign investors in Hungary in recent years.

"We not only want [China] to create jobs and value in Hungary, we also want to go to China and invest there," he said.

Asked if a local campus for China's Fudan University is still on the agenda, Orbán said Asia is on the rise, and if Hungarians don't understand the Asian concept of economy, the country won't be able to cooperate with economies in Asia.

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