NINGBO MORE KASI TRADING CO.,LTD

“China, our largest source of foreign investment”

Thirty years ago, Chinese businesses in Hungary were little more than cafeterias and second-hand clothing stores. Today, almost all of Hungary’s largest new investment projects are related to China.

Magal Levant, State Secretary of the Ministry of Foreign Affairs and Foreign Economy of Hungary, said at the Fujian Investment Forum held in Godele, Hungary, on June 27 that China has now become Hungary’s largest source of overseas investment. The presence of a Fujian delegation from southeastern China at the forum is part of a “series of subtle developments” in relations between the two countries.

Recent visits by Chinese leaders to Hungary and other high-level events demonstrate the growing ties between the two countries. These visits demonstrate the special importance of relations with China in Hungary’s foreign policy, and vice versa. Magal stressed that Hungary and China have become their respective priority partners, and the elevation of bilateral relations to an all-weather comprehensive strategic partnership in a new era confirms this. This hard-won outcome is the result of decades of cooperation between the two countries, and relevant efforts have paid off.

Magal also said that the world has changed a lot in the decades since China and Hungary developed economic and trade cooperation. During this time, China has also emerged as a leading geopolitical and global economic power. These geopolitical and global economic changes are also on display in Hungary, which has opened its doors to the Chinese economy. Some of China’s best companies are coming to Hungary through the open doors.

The latest direct flight between Hungary’s capital Budapest and China’s Guangzhou made its maiden flight on June 27. More flights will follow in the coming weeks. By the end of June, Budapest will have direct flights to seven cities in China, increasing the number of weekly flights to 19. This will facilitate personnel exchanges between the two countries.

A few years ago, Budapest had some difficulties in maintaining air routes with Beijing and Shanghai, but now the expansion and encryption of air routes fully reflects the strengthening of tourism and economic ties between the two countries.