Chinese Investment Contributes to Hungary’s Growth

Hungarian Foreign Minister Péter Szijjártó met his Chinese counterpart in New York. Bilateral relations are mutually beneficial and Chinese investment is key to growth, he said.

Large-scale Chinese investments can allow Hungary to maintain its growth, while Europe appears on the brink of recession, according to Minister of Foreign Affairs and Trade Péter Szijjártó, who met Chinese Foreign Minister Wang Yi.

Speaking on the sidelines of the UN General Assembly’s session in New York on Thursday, Szijjártó said that it is Hungary’s national interest to maintain the cooperation with China based on mutual interests and respect, because Hungary benefits greatly from it.

According to the Minister, China is going to be the largest investor in Hungary this year. Chinese battery producer CATL recently announced a 3000 billion HUF investment in Eastern Hungary, the largest ever investment in Hungary.

Wang reassured his Hungarian counterpart that Hungary’s stable political and economic status, and competitive investment environment is appreciated by China.

Szijjártó recalled that the bilateral cooperation between their countries has always been based on mutual respect. The Hungarian Minister pointed out that China has never set any political criteria regarding economic matters. Their mutually beneficial cooperation is based on this mutual trust, he said. Szijjártó stressed that Hungary continues to respect the One China principle.


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