“Cooperation With China Crucial”

Economy

Cooperation between Hungary and China is becoming more and more important, Prime Minister Viktor Orbán said in a video message, addressing the opening ceremony of the China International Import Expo (CIIE) on Thursday.

In his message, Orbán noted that global trade had been suffering for almost two years under the impact of the coronavirus pandemic. Last year also ushered in “extraordinary changes” in the world economy, Orbán said. “The distribution of economic power is transforming in front of our eyes,” and Asian economies and companies are playing an increasingly important role in shaping the world economy, he said. Meanwhile, a debate is ongoing in the European Union on how to shape the post-Covid world, Orbán said. “Here in the West there is a huge temptation to reintroduce a world economic order based on the rivalry of great world powers,” he said. However, many in the EU want to live in a world “based on trade, security, mutual respect and the unconditional recognition of each other’s sovereignty” rather than one “defined by the tension between great world powers,” the prime minister said. That is why Hungary sees it as crucial to be involved in Chinese economic development, and that China is present as a trading partner and investor in Hungary and central Europe, Orbán said.

 

hungarymatters.hu

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