Chinese Head of State, Xi Jinping Lands in Budapest

Chinese President Xi Jinping arrived in Budapest on Wednesday for what can be described as a historic visit, marking the first time a Chinese head of state has visited Hungary in 20 years.

Earlier, Foreign Minister Péter Szijjártó announced that the Chinese President’s delegation would include Foreign Minister Wang Yi, Finance Minister Lan Foan, and Trade Minister Wang Wentao.

Sixteen agreements are expected to be signed during the three-day visit, with two others still under discussion between the parties.

In a personal letter of greeting to the Hungarians published by Magyar Nemzet, President Xi Jinping emphasized the longstanding friendship between the Chinese and Hungarian people, recalling the establishment of diplomatic relations 75 years ago. He underscored the principles of mutual respect, equal treatment, mutual benefit, and win-win cooperation, highlighting Hungary’s significance as an important trading partner and the main destination for Chinese investment in Central and Eastern Europe.

President Xi expressed hope that his visit would further deepen the traditional friendship and cooperation between the two countries, elevating their comprehensive strategic partnership to new heights.

Serbian President Aleksandar Vucic (R) with Xi Jinping (L) during the Chinese head of State’s visit in Serbia, May 08, 2024. Photo: Facebook / Aleksandar Vucic

Earlier in the week, Hungarian Foreign Minister Péter Szijjártó emphasized the importance of investment and trade with the East for competitiveness and growth during a speech in the capital of Uzbekistan, Tashkent. He noted the shifting economic landscape, with major growth increasingly occurring in the East rather than the West, citing China as a prime example. Minister Szijjártó stressed the need for effective cooperation with Eastern partners, particularly China, as crucial for maintaining competitiveness and fostering growth.

He cautioned against bloc formation and underscored the importance of connectivity in the face of global challenges.

Péter Szijjártó highlighted the critical situation in Europe, citing war, high inflation, and other challenges exacerbated by poor economic decisions, sanctions, and embargoes. He emphasized the growing significance of interdependence and civilized East-West cooperation, pointing out that major economic growth now occurs in the East.

The Minister reiterated Hungary’s longstanding cooperation with Central Asia, emphasizing its early recognition of the region’s importance despite initial criticism. Overall, he emphasized the importance of fostering robust cooperation with Eastern partners in navigating global challenges and ensuring Hungary’s competitiveness and growth.

Via MTI, Magyar Nemzet; Featured Image: MTI/Koszticsák Szilárd