China's leader is anticipated to solidify several agreements with Hungarian Prime Minister Viktor Orbán, further cementing Beijing's economic presence in the region.
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00:00 Chinese President Xi Jinping has arrived in Hungary, his third and final stop on his tour
00:07 of Europe. He was met at the airport by Hungary's Prime Minister Viktor Orban and in a speech
00:14 said China and Hungary are good partners of mutual trust.
00:20 Shortly after Xi's arrival, Orban took to X simply saying "Welcome to Hungary, President
00:25 Xi." This year marks the 75th anniversary of China-Hungary ties and that relationship
00:32 is expected to get closer. Hungary was the first member of the European Union to join
00:38 China's Belt and Road Development Programme, seen by many in Europe and China as Beijing's
00:44 gateway to the European continent. Part of that project will see the construction of
00:49 a railway line between Budapest and Belgrade financed mainly by Beijing. But not everyone
00:56 in Hungary is convinced.
01:04 Brussels, meanwhile, is advocating for protectionist measures to limit China's economic ambitions
01:28 in Europe. And the European Commission has opened investigations into Chinese subsidies
01:34 to electric vehicles and solar panels, accusing them of distorting competition.
01:39 (whooshing)
01:41 (whooshing)