Government
The government’s usual press conference with Chancellor Gergely Gulyás on Thursday was understandably dominated by Xi Jinping’s visit.
Regarding China’s new position in the global economy, Gulyás explained: “The strong players in the international economy are not decoupling but are cooperating. We want to represent this position.” The last time a Chinese president visited Hungary, in 2005, China’s GDP was only regarding a fifth of the EU’s GDP. Today, China has already overtaken the EU and accounts for 18% of the global national product. At the same time, the number of large Chinese companies in the TOP500 world league has increased from 14 to 135 companies.
“China has become one of the world’s leading economic powers, which is why we want to attract as much Chinese investment into the country as possible based on the principle of connectivity,” said the minister. “In the same way, we welcome American investment.”
For China, Hungary is important as a springboard into the EU because it always needs new markets, Gulyás responded frankly to a question from journalists. According to him, China has “infinite” economic capacity.
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