The China Mail - China's Xi in Hungary celebrates 'history's best' relations with Orban

USD -
AED 3.673042
AFN 65.000368
ALL 81.503989
AMD 360.340403
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.454757
AWG 1.8
AZN 1.70397
BAM 1.75029
BBD 2.013844
BDT 124.537437
BGN 1.747831
BHD 0.37735
BIF 3010
BMD 1
BND 1.281347
BOB 11.99429
BRL 5.504904
BSD 0.999897
BTN 93.858629
BWP 13.774679
BYN 2.994523
BYR 19600
BZD 2.011053
CAD 1.41135
CDF 2320.000362
CHF 0.820469
CLF 0.02484
CLP 977.630396
CNY 6.676504
CNH 6.67282
COP 3251.53
CRC 453.465426
CUC 1
CUP 23.998962
CVE 99.403894
CZK 21.83445
DJF 177.720393
DKK 6.708504
DOP 60.750393
DZD 136.38704
EGP 53.769786
ERN 15
ETB 161.203874
EUR 0.896804
FJD 2.25525
FKP 0.7479
GBP 0.748671
GEL 2.59504
GGP 0.7479
GHS 11.68504
GIP 0.7479
GMD 74.503851
GNF 8857.503848
GTQ 7.64085
GYD 209.627114
HKD 7.84215
HNL 27.07504
HRK 6.76901
HTG 131.052321
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.7479
INR 94.04725
IQD 1514
IRR 1891353.000352
ISK 122.790386
JEP 0.7479
JMD 158.687685
JOD 0.70904
JPY 158.50504
KES 129.950385
KGS 87.447804
KHR 4080.00035
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.833408
KZT 448.201333
LAK 22505.000349
LBP 89550.000349
LKR 332.502562
LRD 170.303772
LSL 16.560381
LTL 2.95274
LVL 0.60489
LYD 6.430381
MAD 9.757504
MDL 17.8737
MGA 4595.000347
MKD 55.203803
MMK 2099.697346
MNT 3600.739032
MOP 8.072028
MRU 40.250379
MUR 47.030378
MVR 15.403739
MWK 1737.000345
MXN 18.62534
MYR 4.061504
MZN 63.903729
NAD 16.560377
NGN 1347.210377
NIO 36.610377
NOK 9.459904
NPR 150.173627
NZD 1.803102
OMR 0.384144
PAB 0.999964
PEN 3.442504
PGK 4.492039
PHP 63.108038
PKR 276.625038
PLN 3.94555
PYG 6249.384815
QAR 3.643038
RON 4.792204
RSD 105.586038
RUB 81.925564
RWF 1475
SAR 3.754695
SBD 8.048583
SCR 14.018084
SDG 601.503676
SEK 9.894504
SGD 1.282604
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 571.503662
SRD 37.583504
STD 20697.981008
STN 22.275
SVC 8.748764
SYP 13001.999685
SZL 16.560369
THB 33.550369
TJS 9.224126
TMT 3.5
TND 2.985504
TOP 2.40776
TRY 50.141304
TTD 6.780829
TWD 32.775304
TZS 2642.503628
UAH 45.297
UGX 4089.81484
UYU 40.226773
UZS 12000.000334
VES 896.316404
VND 25582.5
VUV 119.504303
WST 2.787821
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.801976
XDR 0.707052
XOF 588.264929
XPF 107.450363
YER 236.625037
ZAR 16.51847
ZMK 9001.203584
ZMW 20.318702
ZWL 321.999592
SSP 5745.505339
MXV 2.095424
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

China's Xi in Hungary celebrates 'history's best' relations with Orban

China's Xi in Hungary celebrates 'history's best' relations with Orban

President Xi Jinping vowed to deepen already flourishing economic ties with Hungary during a visit to Budapest on Thursday, advocating that its closest European Union ally "play a bigger role" in fostering relations between Beijing and the bloc.

Text size:

The state visit to Hungary is the final leg of Xi's first European tour since 2019 that led him to France and Serbia earlier this week.

Following a meeting with Hungarian Prime Minister Viktor Orban on Thursday afternoon, Xi said Beijing placed "great importance" on its relations with the EU.

The Chinese leader also called on Hungary, which takes over the bloc's rotating presidency in the second half of the year, to "play a bigger role in the EU and push for new and greater development of China-EU relations".

Amid divisions with the West over the Ukraine war and global trade, both leaders stressed their shared views and demonstrated their close ties, announcing that 18 bilateral agreements had been signed.

Budapest was decked out with Chinese flags for the state visit and placed under tight security. The few flags held up by Tibetan demonstrators were hidden from Xi's sight.

- 18 agreements -

Earlier on Thursday, Xi and his wife Peng Liyuan were received with military honours by Hungary's President Tamas Sulyok in the lavish courtyard of Budapest's presidential palace.

According to a statement issued after the meeting, Xi said that the bilateral "relationship is now at its best in history".

Frequently at loggerheads with Brussels, Orban has pursued an eastwards foreign policy since his return to power in 2010, seeking closer economic ties with Russia, China and other Asian countries.

The nationalist premier remained committed to his strategy even as tensions between Western nations and Beijing have increased over human rights, the Covid pandemic, trade and Russia's invasion of Ukraine.

Xi's three-day visit to Hungary after passing through Paris -- the only other EU capital on the itinerary -- "shows Hungary's growing importance in global politics," Orban's chief of staff Gergely Gulyas told a government briefing on Thursday.

Several new projects were announced on Thursday, including the construction of rail infrastructure, an oil pipeline between Hungary and Serbia, and cooperation in the nuclear sector.

Since Hungary began to promote itself as a global hub for electric car manufacturing in 2022, battery and car factories have sprung up all over the country, with investments of tens of billions of euros.

While the government says Hungary is benefiting from its partnership with China, opposition parties have raised concerns over a lack of transparency, the environmental impact of battery factories and corruption.

- 'Lone voice in Europe' -

The Chinese leader kicked off his tour in France, a visit that was cordial but also highlighted tensions between Beijing and the EU over the Ukraine war and global trade.

While French President Emmanuel Macron pressed Beijing not to support Russia's war against Ukraine and to accept fairer trade, Hungary provided "a friendlier destination for Xi", said political scientist Ja Ian Chong of the University of Singapore.

In Hungary, a country with close ties to Moscow and Beijing, Xi was able to "avoid tough conversations and awkward questions", he added.

Both countries have called for a peaceful settlement of Russia's war in Ukraine.

Orban on Thursday thanked China for its efforts "to promote peace and prosperity in the region", describing Hungary as "a lone voice in Europe".

"Hungary provides a diplomatic win for Xi, showing his warm ties with an EU member state that will still roll out the red carpet for Chinese investment," said Xiaoxue Martin, a researcher at the Clingendael China Centre.

On the streets of Budapest, many tourists were astonished by the heavy security, with police blocking access to sites.

"The Prince of China is here," smiled an Israeli tourist, who was disappointed not to be able to take the funicular up to Buda Castle.

Norbert, a 23-year-old Budapest resident who did not want to give his full name, railed against the ties forged with "an oppressive power that invests in its own interests".

burs-kym/gv

K.Lam--ThChM