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Fissures have appeared in the ‘coalition of democracies to counter China. Beijing has used this opportunity to try and play itself back in Europe. Xi Jinping is currently on his first trip to Europe in five years, visiting France, Serbia and Hungary. He hopes to navigate the most difficult obstruction - the EU itself - in these conversations
Xi Jinping's state visit to Hungary next week will be a milestone in the history of relations between the two countries, said China's Ambassador to Hungary.
Connectivity and cooperation are much better for all companies in Hungary than the decoupling and derisking mentioned in European policy many times.
According to Chinese tradition, the Year of the Dragon promises prosperity. This positivity also seems to apply to investment relations between Hungary and China, which are thriving more than ever. Insights from the Hungarian Investment Promotion Agency shed light on the specifics.
Finance Minister Mihály Varga said Hungary had become a "bridge for economic cooperation" between Europe and China after a meeting with his Chinese counterpart, Lan Foan, in Beijing this week, according to a report by state news wire MTI.