Hungary-China cooperation is deepening. What are the results of the current cooperation between the two sides?

16+ 1 The cooperation mechanism has enabled China and Hungary to have frequent exchanges in the political, economic, trade, financial and cultural fields and achieved fruitful results. Since China and Hungary established diplomatic relations 68 years ago, bilateral relations have developed steadily. Friendly cooperation has always been the main theme of bilateral relations and is deeply rooted in the hearts of the people. At present, China-Hungary relations have entered the best period in history, with frequent high-level exchanges, consolidated political mutual trust, broad areas of pragmatic cooperation and fruitful cooperation. China's Belt and Road Initiative is the first joint one-way cooperation document signed by the two countries. This indicates that the eastward policy of this initiative has been successfully implemented in China and Hungary. Hungarian is the working mechanism between China and China. Through this mechanism, the two sides will further strengthen pragmatic cooperation. In May this year, the leaders of the two countries unanimously decided to upgrade China-Hungary relations to a comprehensive strategic partnership, which opened up new and broader prospects for deepening bilateral relations and promoting pragmatic cooperation.

At present, China's total investment in Hungary has reached US$ 4 1 billion, accounting for nearly half of China's total investment in Central and Eastern Europe. Hungary continues to maintain China's position as the largest investment destination in Central and Eastern Europe. China's investment fields cover chemical industry, finance, communication, logistics, automobile and other industries. A number of powerful China enterprises, such as Bank of China, Shandong Wanhua, Huawei and ZTE, are in good condition and even continue to expand their investment. Chinese-funded enterprises have created about 654.38 million local jobs and made positive contributions to local employment. In September this year, the first electric bus of BYD's electric bus factory in Komalon, northern Hungary, rolled off the assembly line. This initiative is a new model of Sino-Hungarian relations and will further promote Sino-Hungarian cooperation.

China is Austria's most important trading country outside Europe, while Austria continues to maintain China's influence as the third largest trading partner in China and Eastern Europe. In addition, Austria has the largest number of licenses for exporting agricultural products to China in Central and Eastern Europe. The continuous financial cooperation between the two countries has also created a resource advantage for China enterprises to settle in Austria. The People's Bank of China was authorized to be the Austrian RMB settlement bank, which is also the first RMB settlement bank in Central and Eastern Europe. Real-time trading of RMB against Hungarian forint in inter-bank foreign exchange market. Under the cooperation framework of 16+ 1, Austria actively initiated the China-Portuguese-speaking countries project investment cooperation stock fund.

Talking about the cooperation between the historical and cultural industries of the two countries, China has opened four language schools in Austria, among which the Chinese Language School of Page University is the first language school with the characteristics of Chinese medicine in continental Europe, which has fully played an active role in marketing and promoting Chinese classroom teaching and spreading China traditional culture. In addition, the Sino-Hungarian Bilingual School, which was jointly established by the two governments, is the only private school in Central and Eastern Europe that applies local language and Chinese classroom teaching. Last year, the school added a high school, which opened the whole line of Chinese classroom teaching in Austria.