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Hungary 'Pins High Hopes' on Cooperation With China

Int’l Relations

Image by NINA IMAGES / Shutterstock.com

In Hungary, China continues to have a "good friend" in Central Europe, Prime Minister Viktor Orban said at a meeting with Chinese Premier Li Qiang in Beijing on Monday, according to a report by state news wire MTI.

Budapest "pins high hopes" on its cooperation with China, Orbán said.

He noted that the two countries' political friendship had a deeper, cultural foundation, too. It was "not by chance" that Hungary was the first country in the Soviet Bloc to recognize China and the only country in Central Europe to consistently support the "One China" principle from the very start. 

Li Qiang said the "close friendship" between China and Hungary fosters the development of bilateral ties at the highest level. Hungarian-Chinese ties are in their best period yet, he added.

After the talks, intergovernmental agreements were signed on bilateral projects implemented in the framework of the Belt and Road Initiative, on cooperation in the areas of education, industry, and investment, and on technological development, digital economy, and climate protection.

Orbán will participate at the third Belt and Road Forum on Tuesday and Wednesday. He will also hold bilateral talks with President Xi Jinping, and meet with executives from big Chinese companies and banks.

China is Hungary's ninth-biggest trading partner, and Chinese-owned companies employ close to 20,000 people in Hungary, according to the report. This year, Chinese companies form the biggest group of foreign investors in the country.

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