Hungary will continue opening towards China, Levente Magyar, the foreign affairs parliamentary state secretary, said at an event at House of Music Hungary on Thursday, marking the 75th anniversary of diplomatic relations between China and Hungary.
Magyar noted the “intense and fruitful” diplomatic events between Hungary and China in recent years, highlighting Chinese President Xi Jinping’s visit to Budapest this year, when the two countries elevated their cooperation to a strategic partnership.
China has established such a relationship with a very narrow group of countries, the state secretary said, adding that the strategic partnership between the two countries was an important milestone of the past decade of developments.
Photo: MTI
Hungary received 44 percent of total Chinese FDI into the EU last year, Magyar said, adding this was a testament to the importance of Hungarian-Chinese cooperation, given that Hungary accounts for about 1 percent of the EU economy.
He noted that there are now four direct air links between Hungary and China.
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1 Comment
The Real Person!
The Real Person!
Yes, Chinese companies want to flood the EU market with products made here (mostly by Chinese workers since we do not have enough labor here). At the same time, they make European (mostly German) companies less competitive, so they lay people off. What have we gained?