China is helping connect Europe and Asia with its global development project, the Belt and Road Initiative. Hungary, the first European country to join the BRI, hails it as a clear success.
The Hungary-Serbia Railway is a landmark Belt and Road project that is set to be completed in 2025. In Montenegro, a new billion dollar Chinese-built highway is expected to provide a major boon for the small Balkan country.
In southern Europe, BRI investment is also having a big impact. Since China’s COSCO Shipping bought into Greece’s Port of Piraeus there has been huge development, and it is now a major trade hub at the crossroads of Asia, Europe and Africa.
- Sandor Kusai is a former Hungarian Ambassador to China.
- Yan Liang is Chair Professor in Economics at Willamette University.
- Einar Tangen is a Senior Fellow at the Taihe Institute and Chairman of Asia Narratives.
China stands ready to push for deeper synergy between the Belt and Road Initiative and Belarus' strategy for social and economic development and jointly build the China-Belarus Industrial Park and other key projects, Chinese Premier Li Qiang said Friday. https://t.co/za6TCcjbBe pic.twitter.com/hXQPOqjWh2
— China Xinhua News (@XHNews) October 27, 2023
Chinese Premier Li Qiang met on Monday with Hungarian Prime Minister Viktor Orban who arrived in Beijing to attend the third Belt and Road Forum for International Cooperation. Li said that the Chinese side is willing to promote closer integration of the #BRI with #Hungary's… pic.twitter.com/he01QRCQMq
— Global Times (@globaltimesnews) October 16, 2023