Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
International Relation

Interview: China's growing economy very important for Hungary, world, says official

April 21, 2021


Abstract : China's growing economy is a very important element for Hungary and the world, Mihaly Patai, deputy governor of Hungary's central bank Magyar Nemzeti Bank, told Xinhua on Tuesday.

BUDAPEST, April 20 (Xinhua) -- China's growing economy is a very important element for Hungary and the world, Mihaly Patai, deputy governor of Hungary's central bank Magyar Nemzeti Bank, told Xinhua on Tuesday.

"It is very important for Hungary that the Chinese economy is growing this year as well, like it was growing last year, since last year was very important for the world economy," Patai said.

The "continuing growth of the Chinese economy was a stabilizing factor in the world economy" in the midst of the COVID-19 pandemic, Patai said.

"The economic cooperation between Hungary and China is strong, and is getting stronger each year," he said, listing two specific examples to illustrate the strong friendship between China and Hungary.

On one hand, Hungary got healthcare equipment from China during the pandemic year which was very important for the safety of the Hungarian population, Patai said.

On the other hand, on the financial side, Hungary has strong cooperation with the People's Bank of China, Patai added.

"We do believe that the strong cooperation in finances, and in general in the economic sector will continue, and as far as it concerns Hungary, we will do our best to continue," he added.

China became the biggest direct foreign investor in Hungary in 2020, Patai revealed.

He also stressed that Hungary is not only part of the Belt and Road Initiative (BRI), but was the first European country to sign the BRI cooperation agreement with China.

Besides, Hungary is also part of the cooperation mechanism between China and Central and Eastern European Countries, and these relationships are growing and getting more and more important, he said.

Patai noted two major current projects to be conducted under the framework of the BRI, which are of great importance for the Hungarian economy and the Hungarian society.

One is the Belgrade-Budapest railway project. "It will increase the capacity of the modern railroad in Central Europe, and it is part of the Silk Road," Patai said.

The other is that China's Fudan University will open its first foreign campus in Budapest, which he said would be another huge step forward in the BRI for both Hungary and China. Enditem

Scan the QR code and push it to your mobile phone

Keyword: economy

Reading:

SW. China Chongqing's GDP rises 18.4 pct in Q1

China's agricultural, rural economy remain stable in Q1

China to jointly promote green development: central bank

S China’s Hainan Province teams up with CNPC, CNOOC in free trade port cons.

​Italian Minister thinks Italy-China partnership to be successful

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial