Chinese FM to hold talks in Budapest on Saturday

Budapest, June 2 (MTI) – Chinese Foreign Minister Wang Yi will hold talks in Budapest at his official visit on Saturday, the Hungarian foreign minister, his host, said.

The main topics of discussions will include increasing Hungary’s share in Chinese foreign investment and trade, as well as reviewing education and cultural cooperation, Peter Szijjarto told public news channel M1’s morning programme on Tuesday.

He said that Hungary’s exports to China came to “an absolute record” of 2.2 billion dollars in 2014.

In its economic expansion policy China considers Hungary more and more “a regional hub,” Szijjarto said. He noted in this aspect that the Bank of China, the world’s ninth strongest commercial bank, has set up its regional centre in Budapest and Huawei, a major ICT company manages the export of its supplies to Europe from its centre in Hungary. The industrial group of Wanhua has set up one of its major chemical plants in Europe also in Hungary, the minister told M1.

The last time a Chinese foreign minister paid an official visit to Hungary was 15 years ago, Szijjarto said, adding that he had invited Wang Yi during his official visit to Beijing in October last year.

Source: http://mtva.hu/hu/hungary-matters