New Chinese investment worth EUR 10 billion in talks in Hungary
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Talks are currently under way with four large Chinese companies that could result in EUR 8-10 billion worth of investment in Hungary, Foreign Minister Péter Szijjártó said on Monday.
The ministry cited Szijjártó as saying that he had met Wang Yi, the director of the Central Foreign Affairs Commission of the Chinese Communist Party, for the 15th time and Hungary profited greatly from cooperation with China, which was crucial for Hungary to emerge stronger from every crisis.
“We have been working for eight and a half years on developing a strategic and comprehensive system of relations between Hungary and China, to achieve a true partnership,” he added.
It was partly thanks to this cooperation that Hungary was able to launch a vaccination campaign during the coronavirus pandemic earlier that the European average, and during the current war crisis, relations between the two countries have again proven to be strategic, he said.
Environmental concerns have resulted in a political decision in Europe to make the transport sector greener, which requires electric cars and batteries, he said. Companies from the East, especially Chinese companies, are by far the market leaders in this field, he added.
Thanks to successful talks in recent years, agreements were signed on Chinese investments that brought the most modern and environmentally friendly technologies to Hungary, also creating thousands of jobs, he said. “Let’s not forget that in the darkest year of the global economy, we were able to announce the largest investment in Hungary’s economic history,” he said.
It continues to Invade us.
The name China, one of our (2) two friends – the other Russia, both Governed under Communism.
China – occupies mass amount of Air Time media coverage in Budapest, Hungary.
Its in preparation, that compulsory second language to Hungarian being Mandarin is – “on the table” – to be introduced into Primary Education in Hungary.
Laugh you may – but the Orban Government – nothing would surprise me what nearer than farther – Orban & his “lot” – undertake in the growing relationships with China & Russia – Communist Governments.
Assuming this investment is not altruism on the part of China – what do they want in return? Asking for a friend!