TAIPEI, Taiwan — Ukraine , trade and investment are expected to dominate Chinese leader Xi Jinping ’s first trip to Europe in five years, as the Asian giant rebuilds its foreign relations after a prolonged absence during the Covid-19 pandemic.
“This is a highly strategic visit to Europe by Xi. And in his itinerary you can divine the runes of Chinese policy on Europe now, bolstering the traditional links as far as possible, and reinforcing new ones,” Brown said.Hungary has straddled a middle ground between its membership in the EU and NATO and an unusual openness to diplomatic and trade relationships with eastern autocracies such as Russia and China.
Despite that, Hungary’s government has deepened its economic ties with China, with the proliferation of Chinese electric vehicle battery factories across the country gaining the most attention. Near Debrecen, Hungary’s second-largest city,China has also invested heavily in infrastructure to link Hungary with its southern neighbor Serbia, Xi's next stop on his European tour.
A U.S. military aid bill passed last week allots $61 billion for Ukraine, as well as $8 billion to counter Chinese threats in Taiwan and the Indo-Pacific, which China has condemned as a dangerous provocation.
Source: News Formal (newsformal.com)
Ukraine Hungary China Hungary China Serbia Xi Jinping Europe Chinese Leader President Vladimir Putin Foreign Policy Russia
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