Hungarian minister travelled to Beijing for more Chinese loans? – UPDATE: pact signed
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Márton Nagy is Beijing to convince the Chinese to support additional Hungarian developments. In July, the Hungarian government took out a EUR 1 billion loan but did not share what they would like to spend that sum.
According to hvg.hu, Mr Nagy met with the governors of the Bank of China and the China Construction Bank to win their support for Hungarian energetics and infrastructure developments, his ministry said. The ministry added Hungary has become the number one target of Chinese investors, highlighting that the country would like to become an economic bridge between the East and the West.
Nagy promoted energetics, digitalisation, and e-mobility projects, and the ministry said the Belgrade-Budapest railway upgrade would be ready by next summer.
Ministerial meeting for battery recycling
National Economy Minister Márton Nagy met with Chinese Minister of Industry and Information Technology Jin Zhuanglong in Beijing, his ministry said in a statement on Friday.
The ministry said the main topic of their discussion was battery recycling, which is an essential element of the green transition and for improving Hungary’s competitiveness.
The ministers agreed that an existing cooperation agreement will be expanded to include battery recycling and that a working group will be set up this year to share knowledge between the two countries.
The working group on the Hungarian side will include associations of and domestic companies operating in the sector, universities and the National Economy Ministry. On the Chinese side it will be comprised of the Ministry of Industry and Information Technology and companies included on a white list it compiles.
During the meeting Mr Nagy emphasized that Hungary strives for cooperation based on mutual respect and wishes to further strengthen its role as an economic bridge, in which Eastern and Western capital and top technology are connected in Hungary.
Perhaps we can join this club:
https://www.visualcapitalist.com/ranked-the-top-20-countries-in-debt-to-china/
Chinese loans tend to feature higher interest rates than bilateral loans from Paris Club countries or international institutions (e.g. International Monetary Fund, The World Bank, etc.) and the repayment windows are shorter. This setup is more akin to commercial loans concerning their conditions of repayment (as well as Hungarian citizens are finding: confidentiality).
“A Bridge” – Hungary – on the NEW Silk Road – of the East Meeting the West.
Hungarians – if they continue to ALLOW this “Take-over” of Hungary, being the “Prime ” target in Europe of China, not forgetting WHAT already they own or are OWED in BORROWED loan(s) funding to the Orban – Fidesz Government – if Hungarians don’t massively and with INCREASED solidarity take Steps to STOP this destructive path taken by the Orban -Fidesz Government – as a country Hungary will be STRIPPED of it’s ability to have any say or IN-PUT into our FUTURE.
Hungarian sovereignty will be SURPRESSED of NO respect paid by the Communistic Laws of China.
Hungary – we are NOW to China – there “Dogs Body” – sold out by the Orban – Fidesz Government causing our SEPARATION the non-practice of DEMOCRACY under the Membership, the Laws of the European Union – in our Governance.
Russia – same can be said, in our SELL Off to them, being again a “Dogs Body” – that adds to our DESTRUCTION as a country.
WHEN will the EXPLOSION on the Orban – Fidesz Government of Hungary, that GARGANTUAN Debt owed to the European Union that increases daily at humongous interest rate level, when will it ALL explode ?
Debt – debt and more Orban – Fidesz Government DEBT – being built on the tax payers – the citizens of Hungary and the BURDEN’s on increasing millions of Hungarians – this DEBT is HAVING.
Poverty in Hungary grows now in excess of 3.1 million, giving no sign nor “probability” of its END.
It HAS to INCREASE as will the “quality of LIFE” on Hungarians – in our millions.
HORRENDOUS – discouraging times ahead we FACE.
Appalling.
Crestfallen is my position to use the word STUPIDITY.
It’s a derogatory word, not used in my vocabulary, with a “core” meaning of behaviour that show’s lack of Sense and Judgement.
Stupidity – does and can be inclusive of meaning lacking of intelligence.
Hungary – the stage has been REACHED we are “playing out” being a country exhibiting ourselves in STUPIDITY.
Is NOT – the longer they are PERMITTED to Govern us – Rule us – Dictate to us, the conduct of our LIVES, the bastardization of our country Hungary – the CRUSHING /Smashing of our Economy, the DEBT – they have established for us as a country on us, the tax payers, by Remaining SILENT in our MILLIONS in opposing / challenging or even fighting them orderly in SOLIDARITY this Orban – Fidesz Government – does this not display our STUPIDITY ?
YES sadly it DOES.