ASX-Dividend-Report-Banner

Global Times: Hungary's strategy of connectivity stands out in today's increasingly divided world: scholar

May 10, 2024 05:46 PM AEST | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Global Times: Hungary's strategy of connectivity stands out in today's increasingly divided world: scholar
Image source: Kalkine Media

BEIJING, May 10, 2024 /PRNewswire/ -- Hungary-China cooperation will continue to expand in the future, and the visit by Chinese President Xi Jinping to Hungary will help accelerate the development of bilateral relations and EU-China relations, Gladden Pappin, President of Hungarian Institute of International Affairs, told the Global Times in an exclusive interview.

Chinese President Xi is paying state visits to France, Serbia and Hungary from May 5 to 10. The visits are the Chinese president's first trip to Europe in the past nearly five years. Xi's trip is expected to enhance bilateral relations with the three countries and boost their mutually beneficial cooperation.

Amid the shifting international landscape, President Xi's visit to Europe will play a crucial role in restoring normal links between West and East, Pappin told the Global Times.

The visit to Hungary is particularly noteworthy given the strong ties between Budapest and Beijing, which began to deepen with the announcement of Hungary's Eastern Opening in 2010. Hungary and China recognize the importance of connectivity, and in this light Hungary has become a keystone state for connecting West and East, according to the expert.

During meetings in Budapest, the key areas of focus will likely include deepening ties with Hungary and improving relations with the EU. President Xi's visit to Budapest is an indication that Hungary's strategy of connectivity stands out as distinctive and important in today's increasingly divided world, said Pappin.

Since the beginning of this year, leaders and senior officials from several European countries have visited China. Pappin said that European leaders see the importance of good relations with China, even if they are sometimes reluctant to admit it.

Regular trade and exchange also continue despite the rhetoric of "decoupling" and "de-risking" in some European countries. "What is important is for the reality of strong East-West connections to be reflected in high-level interactions, which serve to help the exchanges that occur at the levels of business and the economy generally," said Pappin.

Pappin said that the Hungarian approach to China is part of the country's broader connectivity strategy, which advocates for pursuing mutually beneficial and strong relations with as many countries as possible. Hungary opposes the bloc formation and views these approaches as against its national interests.

"Hungary's viewpoint is born of centuries of experience at the gateway of East and West, and we recognize in particular that Europe stands in need of strong connections with the rest of the world. The European economy has been built on the basis of active connections with the rest of the world, and within that context Hungary has been urging peaceful global cooperation with a special urgency," said Pappin.

Both the Hungary-China and Europe-China relationships have the potential to benefit all parties, which is why Hungary has been working to strengthen both, according to the expert.

China became Hungary's largest source of foreign investment and largest trading partner outside the European Union last year. Hungary signed the memorandum of understanding over China's Belt and Road Initiative in June 2015, becoming the first European country to establish a Belt and Road working group with China.

Pappin also noted that Chinese investments, like the establishment of battery and electrical vehicle factory, are delivering capital and jobs to Hungarian communities. They also help drive economic growth in the country to close the gap between western Europe and central Europe.

Hungary-China cooperation will continue to expand in the future, and the visit by President Xi will help accelerate bilateral cooperation, said Pappin, noting that while Hungary hopes that Europe's approach to China will improve, it will continue to promote strong ties between the two sides.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

AU_advertise

Advertise your brand on Kalkine Media

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.