Hungary and China sign strategic co-operation agreement during Xi Jinping visit

Hungary and China have signed a number of new agreements to deepen their economic and cultural co-operation during a visit to the Central European country by Chinese President Xi Jinping.Mr Xi and Hungarian Prime Minister Viktor Orban held talks in the capital Budapest as part of the Chinese leader’s final stop on a five-day European tour that also took in Serbia and France.

In December, Hungary announced that one of the world’s largest EV manufacturers, China’s BYD, will open its first European EV production factory in the south of the country – an inroad that could upend the competitiveness of the continent’s auto industry. Hungarian and Chinese officials concluded a strategic partnership agreement and signed 18 other agreements and memoranda of understanding, but no major investments were announced at the news briefing.

Mr Orban, a nationalist populist leader who has pursued deeper ties with Beijing while distancing himself from his more mainstream partners in the EU, noted during the news conference that three quarters of investments in Hungary last year came from China, and spoke of Beijing’s role in the world’s shifting balance of power.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China’s Xi receives ceremonial welcome in Hungary ahead of talks with OrbanAt least 16 agreements are expected to be signed when Xi Jinping and Viktor Orban meet.
Source: Glasgow_Times - 🏆 76. / 59 Read more »

China’s Xi receives ceremonial welcome in Hungary ahead of talks with OrbanAt least 16 agreements are expected to be signed when Xi Jinping and Viktor Orban meet.
Source: Observer_Owl - 🏆 18. / 72 Read more »

What Xi Jinping gets wrong about China’s economyDespite his protestations, the country does have an overcapacity problem
Source: TheEconomist - 🏆 6. / 92 Read more »

In Europe, China’s Xi Jinping Underscores Bilateral Benefits Over Collective BluesDuring his visit to Europe, China’s top communist made clear his preference for dealing with the individual—whether Hungary or France—over the collective, such as NATO and the E.U.
Source: TIME - 🏆 93. / 53 Read more »

Tough talks ahead as China's Xi Jinping touches down in Paris for European tripMountain walks in the Pyrenees with President Macron will make for a good photo op but can't mask key tensions between China and many European nations.
Source: SkyNews - 🏆 35. / 67 Read more »

Why Xi Jinping is afraid to unleash China’s consumersThe pressure on Beijing to find a new growth model is acute but the president seems resistant to deeper economic reform
Source: FT - 🏆 113. / 51 Read more »