BUDAPEST, Hungary — Hungary and China signed a number of new agreements on Thursday to deepen their economic and cultural cooperation during a visit to the Central European country by Chinese President Xi Jinping, a trip meant to solidify China's economic footprint in the region.
Xi and Hungarian Prime Minister Viktor Orbán held talks in the capital Budapest as part of the Chinese leader's final stop on a five-day European tour that also took in Serbia and France. During a press briefing following the talks, Orbán praised the ''continuous, uninterrupted friendship'' between the two countries since his tenure began in 2010, and promised that Hungary would continue to host further Chinese investments.
''I would like to assure the president that Hungary will continue to provide fair conditions for Chinese companies investing in our country, and that we will create the opportunity for the most modern Western and the most modern Eastern technologies to meet and build cooperation in Hungary,'' Orbán said.
Beijing has invested billions in Hungary and sees the European Union member as an important foothold inside the 27-member trading bloc. In December, Hungary announced that one of the world's largest EV manufacturers, China's BYD, will open its first European EV production factory in the south of the country — an inroad that could upend the competitiveness of the continent's auto industry.
Hungary is also hosting several Chinese EV battery plants and hopes to become a global hub of lithium ion battery manufacturing, and has undertaken a railway project — part of Xi's Belt and Road Initiative — to connect the country with the Chinese-controlled port of Piraeus in Greece as an entry point for Chinese goods to Central and Eastern Europe.
On Thursday, Xi said he and Orbán agreed the Belt and Road Initiative ''is highly consistent with Hungary's strategy of opening to the east,'' and that China supports Hungary in playing a greater role within the EU on promoting China-EU relations.
Hungarian and Chinese officials concluded a strategic partnership agreement and signed 18 other agreements and memoranda of understanding, but no major investments were announced at the news briefing.
However, Hungarian Foreign Minister Péter Szijjártó later said in a video on Facebook that initial discussions had begun on China developing a freight railway bypass of Budapest and a rail link between the capital and Budapest Ferihegy airport.