Chinese banks “have trust in the Hungarian economy”, the finance minister said, noting that several Chinese banks have selected Hungary as a base in recent years.
The two ministers agreed that building further infrastructure links between the two countries was necessary, with special regard to direct flights.
Minister Szijjártó said on Facebook that tourism is one of the most successful sectors of Hungarian-Chinese cooperation.
BYD’s construction of its first European plant in Szeged, in southern Hungary, is one of the most important investments in Hungary’s economic history.
The prime minister met Wang Xiaohong, China’s minister of public security, in his office in Budapest late last week.
Hungary has the highest number of food export permits for China among central European countries.
“The tendency is that German and Chinese capital want to work together, and this has become Hungary’s turf,” Minister Nagy said.
Minister Szijjártó expressed hope that the bloc would not take an ideological approach to its relations with China but “take reality into consideration”.
Minister Szijjártó attributed the good results to the government’s “maintaining its strategy aimed at building a work-based society promoting investment and job-creation even in times of crisis”.
Thanks to the visit, bilateral cooperation strengthened under the arrangements of the Belt and Road Initiative and Hungary’s eastern opening strategy.
The prime minister noted that Huawei plays a key part in Hungary’s digitalization and was one of the first large Chinese companies to make a major investment in Hungary.
The prime minister said the era of the Western world holding an advantage was over, with the East having gained in strength.
The goal of the memorandum of understanding is to further develop Hungarian-Chinese financial ties.