China’s Role in Hungarian Foreign Policy
China’s Role in Hungarian Foreign Policy

Author(s): Veronika Jóźwiak
Subject(s): Economic policy, International relations/trade, Developing nations
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: China; Hungary
Summary/Abstract: In May, China raised bilateral relations with Hungary to a comprehensive strategic partnership. Hungarian involvement in China’s Belt and Road Initiative (BRI) is part of Prime Minister Viktor Orbán’s foreign policy approach aimed at increasing access to eastern markets, attracting foreign direct investment, and further strengthening economic cooperation with China. However, so far, the cooperation has not had the intended effect. New Chinese FDI in Hungary has decreased significantly in the last few years and nothing indicates a reversal of this trend.

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