Szijjártó: Hungary, China cooperation a real success story
Hungary and China’s cooperation “is a real success story” that Hungary’s government is committed to pursuing, Péter Szijjártó, the minister of foreign affairs and trade, said in Budapest on Thursday, at an event marking the 74th anniversary of the establishment of the  People's Republic of China and Hungarian-Chinese diplomatic ties.
Szijjártó: Hungary, China cooperation a real success story
Geurasia

Szijjártó: Hungary, China cooperation a real success story

Photo: Facebook/Szijjártó Péter
Eurasia/MTI 29/09/2023 20:19

Hungary and China’s cooperation “is a real success story” that Hungary’s government is committed to pursuing, Péter Szijjártó, the minister of foreign affairs and trade, said in Budapest on Thursday, at an event marking the 74th anniversary of the founding of the  People's Republic of China and the establishment of Hungarian-Chinese diplomatic ties.

Szijjártó said a “strategic, broad and friendly system of ties” had been established between the two countries. He noted that Hungary had been the first country in Europe to join China’s Belt and Road Initiative, in 2015, further strengthening the outcome of the government’s Eastern Opening policy.

“Hungary has profited much from Chinese-Hungarian cooperation,” he said. China is Hungary’s biggest trading partner outside of Europe, and the country is the biggest target for Chinese investment in the region, he added.
Chinese Ambassador Gong Tao (Photo: Facebook/Szijjártó Péter)
Chinese companies have been the biggest foreign investors in Hungary for two of the past four years, and a Chinese company is undertaking the biggest greenfield investment in the country’s history, he said, referring to a more than 7 billion euros manufacturing facility battery maker CATL is building in Debrecen, in eastern Hungary. Chinese investments that bring cutting edge technology to Hungary contribute “in a big way” to keeping the Hungarian economy on the growth path, he added.

He said voices pressing for the decoupling of the European and Chinese economies were “dangerous and harmful”, adding that Hungary believed a closer economic cooperation between Europe and China could help restore the continent’s competitiveness. Szijjártó praised China’s efforts to advocate for peace and singled out the work of his Chinese counterpart, Wang Yi.
Photo: Facebook/Szijjártó Péter

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