Chinese President Xi Jinping and Hungarian President Viktor Orban recently concluded a visit that resulted in mutual praise and agreements between the two nations. During a joint press conference, Orban endorsed Beijing's Ukraine peace plan and emphasized Hungary's support for peace negotiations and international efforts towards ending the conflict. This stance sets Hungary apart in Europe, with Orban calling for an immediate ceasefire.
The visit marked the establishment of an 'all-weather comprehensive strategic partnership for the new era' between China and Hungary. This partnership signifies a significant step in their relationship, with both countries committing to enhanced cooperation in various sectors.
As part of the agreements, Hungary will participate in China's Belt and Road Initiative, with investments planned in nuclear energy, supply chain enhancements, green development, and finance and trade. In return, Hungary will export agricultural products, technology, and media services to China.
Xi Jinping highlighted the importance of the China-EU comprehensive strategic partnership and expressed support for Hungary's role in the EU. The partnership places Hungary in a select group of countries that support China's global initiatives.
China's peace plan for Ukraine, which includes calls for an immediate ceasefire and reconstruction efforts, has garnered mixed reactions. While some view China's involvement positively, others question the motives behind the plan, suggesting that China may seek to leverage the situation for its own interests.
Overall, the visit between China and Hungary has solidified their relationship and opened up new avenues for cooperation. The agreements reached during Xi's visit are expected to deepen economic ties and strengthen diplomatic relations between the two nations.
