China's Xi visits Hungary in bid to solidify European economic influence
Fox News
A visit to Hungary by Chinese President Xi Jinping saw the authorization of numerous agreements aimed at solidifying Beijing's regional economic foothold.
"I would like to assure the president that Hungary will continue to provide fair conditions for Chinese companies investing in our country, and that we will create the opportunity for the most modern Western and the most modern Eastern technologies to meet and build cooperation in Hungary," Orbán said.
Beijing has invested billions in Hungary and sees the European Union member as an important foothold inside the 27-member trading bloc. In December, Hungary announced that one of the world’s largest EV manufacturers, China’s BYD, will open its first European EV production factory in the south of the country — an inroad that could upend the competitiveness of the continent’s auto industry.
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