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SZIJJÁRTÓ: HUNGARY INCREASINGLY ATTRACTIVE FOR CHINESE INVESTORS

 

Hungary is becoming an increasingly attractive investment destination for the Chinese, and bilateral cooperation is rapidly developing, the minister of foreign affairs and trade told an economic forum in Shanghai. Hungary’s economic and political strategy of opening to the East announced nine years ago has focused on developing balanced bilateral cooperation, Péter Szijjártó said at the opening day of the second China International Import Expo. The Hungarian government has built its relations with the People’s Republic of China on the basis of mutual trust, he said. Prior to the expo’s opening, Szijjártó held talks with Zhong Shan, China’s minister of commerce, and Ni Yuefeng, the head of China’s General Administration of Customs (GACC). At panel discussions held during the expo, representatives of Hungarian and Chinese companies discussed opportunities China has to offer in the current geopolitical environment in the framework of its Belt and Road global economic and infrastructural initiative for small and medium-sized countries. They also discussed the potential of e-commerce and conventional methods of trade in the future.