In the late 1980s and early 1990s, China and Hungary signed a visa-free agreement. Since then, a large number of China people have come to Budapest to pursue their dream of gold panning. At present, there are about 30,000 China people in Hungary, most of whom live in Budapest, the capital of Hungary. The efforts of Chinese businessmen have also promoted the development of Sino-Hungarian trade. According to statistics, 1/3 of the trade volume between the two countries was completed by them.
In recent ten years, with the strong promotion of the Chinese and Hungarian governments, some large enterprises from China have also come to Hungary to invest and set up factories. The first enterprises to enter Hungary are Bank of China, ZTE and Huawei. Subsequently, Hisense, Hisense, TCL Ace, Skyworth, Lenovo and other electronic companies also entered one after another to produce and assemble related products in Hungary.
With the entry of these large enterprises, Sino-Hungarian trade has entered a new stage. Clothing, shoes and hats are no longer the main products exported by China to Hungary. Instead, electronic products, spare parts and office equipment. From June 2065438 to July 2005, the bilateral trade volume between China and Hungary reached US$ 4.452 billion, and China became Hungary's largest trading partner outside Europe. Hungary is the country with the largest concentration of Chinese-funded institutions, Chinese businessmen and Chinese in Central and Eastern Europe. In recent years, Hungary's economy has grown steadily, and the government has introduced various preferential measures to actively seek foreign investment support. It can be said that the investment environment is at its best in history. Compared with other European countries, the labor here is relatively cheap, but the quality is very high.
Hungary is a landlocked country in Central Europe with a total area of about 93,000 square kilometers. It borders Romania and Ukraine in the east, Slovenia, Croatia, Serbia and Montenegro in the south, Austria in the west and Slovakia in the north. Shanghai and Budapest (the capital of Hungary) are twin cities, and the Silk Road plot has existed since ancient times, so Hungary is the ideal starting point for China's "Belt and Road" to extend to Europe.
Hungary belongs to the EU, and EU countries need to take unified actions. It can be seen that Hungary's leading action bears certain political risks, which further reflects Europe's willingness to participate in the "Belt and Road". Hungary happens to be in the middle of Europe, with a hundred flowers in the center. In the future, we can slowly push forward to Western Europe, the Baltic Sea, Ukraine, Moscow and other directions, forming a two-way feedback between China and the West. "
On the "Belt and Road" map, Central and Eastern Europe 16 countries account for a quarter of the total number of countries along the route. With the "Belt and Road" and "16+ 1 cooperation" as platforms, China's domestic products, investments and technologies are constantly "going out"; With Hungary as the forerunner, there are also opportunities in the respective development characteristics of Central and Eastern European countries.
The Belt and Road Initiative is regarded as a road map for China to become a comprehensive global power. At present, 60 countries and international organizations have responded to the initiative, with a total population of about 4.4 billion and an economic aggregate of about 2 1 trillion US dollars, accounting for 63% and 29% of the world respectively. Some scholars even predict that there will be more than 65,438,000 participants in the future Belt and Road Initiative.