Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Is the Cryptocurrency XRP (Ripple) a Millionaire Maker?
  • Need to solve homelessness and invest in arts go hand-in-hand, Bloomington official says
  • Brussels Parliament to confirm outgoing Finance Minister’s replacement on Thursday
  • Deloitte study: most EU financial institutions are in early preparation stage to comply with the new anti-money laundering and countering financing of terrorism requirements and need significant investments to align to the new European framework
  • Hands off our investments: why IG is urging the Chancellor to protect retail investors
  • Barclays near-quadruples provisions for motor finance scandal
  • Talk Art podcast hosts Russell Tovey and Robert Diament to celebrate the release of new book, Art School (in a Book), at Margate’s Turner Contemporary
  • Internationally acclaimed artist to open new art gallery in Exmouth
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Investments»China’s Xi arrives in Hungary for talks on expanding Chinese investments
Investments

China’s Xi arrives in Hungary for talks on expanding Chinese investments

May 8, 20243 Mins Read


BUDAPEST, Hungary (AP) — Chinese President Xi Jinping arrived in Hungary late Wednesday, the final stop on his five-day European tour, where he’s expected to finalize a number of agreements with Prime Minister Viktor Orbán that will deepen China’s economic footprint in the region.

Xi is set to spend two nights in the Hungarian capital Budapest where he will meet with Orbán and Hungarian President Tamás Sulyok. Talks will center on future Chinese investments in the Central European country, which has courted deep economic ties with Beijing even as mainstream European leaders have pursued more protectionist policies to limit its reach on the continent.

Orbán, a nationalist populist whose illiberal policies have pushed him to the fringes of the European Union, made his country the first in the 27-member bloc to participate in Xi’s signature Belt and Road Initiative. Hungary has straddled a middle ground between its membership in the EU and NATO and a willingness to establish diplomatic and trade relationships with autocratic governments outside those groupings.

Hungary’s foreign minister, Péter Szijjártó, told a news conference on Monday that Xi and Hungarian officials would sign at least 16 bilateral agreements during the visit, Xi’s first to the country as president.

Szijjártó called the visit “historic,” and pointed out that China had provided more foreign investment to Hungary than any other country in 2023. He added that some of the agreements to be signed would involve expansion of Belt and Road in Hungary, and could include investments in infrastructure and energy.

Xi’s arrival in Budapest came after a two-day visit to Serbia’s capital Belgrade, where he signed an agreement on building a “shared future” with the Balkan country which, like Hungary, is considered friendly to Russia’s Vladimir Putin.

China has claimed neutrality in the Ukraine conflict, but has refused to call the Russian assault an invasion and has been accused of bolstering Russia’s military capacity. Hungary has condemned the Russian invasion but threatened to block EU sanctions against Moscow and refused to provide Kyiv with military support.

Xi and Orbán are likely to discuss the war in Ukraine, Hungary’s neighbor to the east. Hungary’s government has vocally urged China to take a leading role in brokering peace talks between Russia and Ukraine, and expressed its support for a China-proposed peace plan.

Before Xi’s arrival on Wednesday, a number of demonstrators gathered in central Budapest to protest his visit and call for autonomy for Tibet, which lies under Chinese control.

Tibor Hendrey, a representative for the Tibet Aid Society, said that doing business with China is important for Hungary’s economy, but highlighted the dangers of a relationship with a country with a spotty democratic and human rights records.

“We need a good relationship with a great empire, that’s not a problem. The problem is that China has a completely different culture, a completely different approach to human rights,” Hendrey said. “I feel that they want to export this kind of thinking here to Hungary, and that the Hungarian government is willing to accept that.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Deloitte study: most EU financial institutions are in early preparation stage to comply with the new anti-money laundering and countering financing of terrorism requirements and need significant investments to align to the new European framework

October 22, 2025 Investments

Hands off our investments: why IG is urging the Chancellor to protect retail investors

October 22, 2025 Investments

Madison Investments Q3 2025 Market And Economic Review

October 21, 2025 Investments

6 Ways To Identify the Right Investments Early, According to Experts

October 21, 2025 Investments

BSEC imposes lifetime ban, heavy fines on LR Global CEO Reaz Islam for irregular investments

October 21, 2025 Investments

PENGASSAN strike: Reps seek protection for Dangote Refinery, strategic investments

October 21, 2025 Investments
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Is the Cryptocurrency XRP (Ripple) a Millionaire Maker?

October 22, 2025 Cryptocurrency 5 Mins Read

XRP’s legal victories over the SEC and a pro-crypto White House are fueling optimism in…

Need to solve homelessness and invest in arts go hand-in-hand, Bloomington official says

October 22, 2025

Brussels Parliament to confirm outgoing Finance Minister’s replacement on Thursday

October 22, 2025

Deloitte study: most EU financial institutions are in early preparation stage to comply with the new anti-money laundering and countering financing of terrorism requirements and need significant investments to align to the new European framework

October 22, 2025
Our Picks

Is the Cryptocurrency XRP (Ripple) a Millionaire Maker?

October 22, 2025

Need to solve homelessness and invest in arts go hand-in-hand, Bloomington official says

October 22, 2025

Brussels Parliament to confirm outgoing Finance Minister’s replacement on Thursday

October 22, 2025

Deloitte study: most EU financial institutions are in early preparation stage to comply with the new anti-money laundering and countering financing of terrorism requirements and need significant investments to align to the new European framework

October 22, 2025
Our Picks

Bank of England warns First Brands and Tricolor collapses may signal deeper financial risks – Yahoo

October 21, 2025

Surrey Art Gallery gets moving with dance/visual art mix this fall

October 21, 2025

How Paris Internationale Anticipated Today’s Art Market

October 21, 2025
Latest updates

Is the Cryptocurrency XRP (Ripple) a Millionaire Maker?

October 22, 2025

Need to solve homelessness and invest in arts go hand-in-hand, Bloomington official says

October 22, 2025

Brussels Parliament to confirm outgoing Finance Minister’s replacement on Thursday

October 22, 2025
Weekly Updates

What Does 2024 Hold for Cryptocurrency?

April 15, 2024

Breckenridge Village residents shine through downtown Tyler art gallery

August 21, 2025

Investing in Fine Art Is More Complicated Than It Seems

June 24, 2019
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.