Xi's Hungary Visit Strengthens China's Economic and Cultural Ties in Europe

Chinese President Xi Jinping's visit to Hungary culminated in a series of agreements that deepen economic and cultural cooperation between the two nations. Hungary seeks to become a key player in China's Belt and Road Initiative, while China sees the EU member as a vital foothold in Europe.

Chinese President Xi Jinping's recent visit to Hungary has borne fruit, resulting in 19 agreements that bolster economic and cultural ties between the two countries. These agreements further solidify China's economic presence in Central Europe.

During discussions with Hungarian Prime Minister Viktor Orbán in Budapest, Xi emphasized the "continuous, uninterrupted friendship" between China and Hungary since Orbán's tenure began in 2010. Orbán pledged continued support for Chinese investments in Hungary, promising to provide favorable conditions for Chinese companies.

Beijing's substantial investments in Hungary, including the establishment of BYD's first European EV production facility, reflect Hungary's importance as a gateway to the EU market. Hungary's aspirations to become a hub for lithium ion battery manufacturing align with China's Belt and Road Initiative.

The Belt and Road Initiative, a Chinese infrastructure project aimed at connecting Asia, Europe, and Africa, was a key topic of discussion. Xi and Orbán agreed that the initiative aligns with Hungary's strategy of opening to the east. China supports Hungary's efforts to play a greater role in fostering China-EU relations.

Beyond infrastructure, the strategic partnership agreement signed by Hungary and China covers a wide range of areas, including energy, agriculture, education, and cultural exchange. However, no major investments were announced during the news briefing following the talks.

Hungarian Foreign Minister Péter Szijjártó later disclosed that preliminary discussions have begun on China's potential involvement in developing a freight railway bypass of Budapest and a rail link between the capital and Budapest Ferihegy airport.

Prime Minister Orbán highlighted the significant role of China in the global economic landscape, noting that three-quarters of Hungary's investments in 2023 originated from China. He expressed Hungary's desire to expand cooperation to the field of nuclear energy, already underway with Russia's assistance at the Paks nuclear facility.

Xi's visit to Budapest was met with both support and opposition. Supporters gathered near Buda Castle, waving Chinese and Hungarian flags. However, incidents occurred between Tibetan protesters and Chinese nationals attempting to obstruct the display of Tibetan flags.

Hungarian lawmaker Márton Tompos reported being approached by individuals claiming to be Chinese embassy volunteers, ensuring that no Tibetan or Taiwanese flags were displayed along Xi's motorcade route. Activist Tenzin Yangzom criticized the Hungarian government for allowing Chinese police to operate in the country.

Despite these minor conflicts, Hungary's commitment to strengthening ties with China remains strong. The agreements signed during Xi's visit are expected to further deepen economic and cultural cooperation between the two nations and solidify China's economic footprint in Central and Eastern Europe.