Xi Touts China-Hungary Relations as a Good Blueprint for Europe
- Chinese president is on the final leg of his European tour
- Xi brings pledges to develop rail, energy links across Hungary
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President Xi Jinping pledged more rail and energy investments in Hungary to serve as China’s gateway into the European Union as he secured backup from Prime Minister Viktor Orban for Beijing’s pushback against the “overcapacity” accusations by the West.
Xi, in Budapest Thursday after stops in France and Serbia, brought pledges to build infrastructure that will help spread products across the trading bloc from Chinese factories planned in the eastern European country. Hungary’s cash-strapped government has been looking to lock in financing and fresh stimulus for its economy on top of billions of dollars from Chinese companies committed in recent years, mostly in the electric vehicle industry.