Beijing is a “red line”: Hungary’s covenants will not be separated from China if Trump pays it
[ad_1]
A deputy minister said, in rare statements explaining Budapest’s thinking about its close relations with both the great powers, that the separation from China is a “red line” in Hungary’s relations with the United States, in rare notes showing Budapest thinking about its close relations with both the great powers.
Hungarian Prime Minister Victor Urban has spent years strengthening his position as the best leader in Europe in Trump and Chinese tables. As the United States government now suggested that its allies should choose between the two, many speculate that Budapest can find himself in an embarrassing position.
“Certainly no, this is a red line for us, we have excellent trade relations with China, and China has become one of the largest investors in Hungary,” said Levity Magiaar, Deputy Minister of Foreign Affairs and Trade.
03:51
China and Hungary “in all weather conditions” indicate that Xi Jinping gets the treatment of the red carpet in Budapest
China and Hungary “in all weather conditions” indicate that Xi Jinping gets the treatment of the red carpet in Budapest
“We are very representatives, given our population and the size of our economy. Therefore, Hungary benefits from these very intense Chinese economic and commercial relations. We are not ready to abandon it,” said Magiar.
“recently, [Orban] A senior European Union official told the South China Morning Post after the US elections last year. “It is Trump or China. We don’t know which one will choose.”
Great Chinese companies such as Catl, a world leader in batteries, and BYD, the largest EV maker in the world, have invested extensively in the country of Central Europe. Catl production is expected to start with a value of 7.3 billion euros ($ 7.8 billion) in the eastern city of Debreen this year. The Hungarian BYD facility is also scheduled to start producing EVS this year.
