China, Hungary embrace new biz collaboration opportunities
▶ Pragmatic results set good example for co-op with CEE
On the occasion of the 75th anniversary of the establishment of diplomatic relations between China and Hungary, the two sides decided to elevate the current comprehensive strategic partnership to an all-weather comprehensive strategic partnership for the new era, which experts said on Friday will provide new economic and trade cooperation opportunities for the two countries.
Embracing the elevated partnership, China and Hungary will eye strengthened cooperation in infrastructure construction, agriculture, digital economy, green development as well as other emerging industries. Moreover, the two countries’ pragmatic and fruitful achievements have set a good example for China’s collaboration with other European countries, analysts noted.
“Deeper and precise cooperation will become the key word between the two countries under the all-weather comprehensive strategic partnership for the new era, which means both sides will formulate cooperation policies that are more closely aligned with each other’s development strategies,” Song Wei, a professor from the School of International Relations at Beijing Foreign Studies University, told the Global Times on Friday.
According to the joint statement released by the two countries, the two countries are willing to actively promote the construction of the Hungarian section of the Hungary-Serbia Railway, and jointly promote high-level connectivity in Central and Eastern Europe (CEE).
“From the Hungary-Serbia Railway to China-Europe Railway Express, infrastructure cooperation has promoted cross-border connectivity which then helps related countries become embedded in the European and global value chain, reducing the cost of logistics and personnel,” Song noted.
According to the statement, the two sides will promote orderly cooperation in emerging fields including clean energy, artificial intelligence, mobile communication technology and nuclear energy and technology. They will deepen cooperation in digital economy and green development, foster new drivers of trade and economic growth, expand the scope and depth of economic and trade cooperation.
“The joint statement covers a wide range of cooperation fields, including economy, science and technology, and culture, showing the comprehensive and multi-dimensional character of China-Hungary cooperation,” Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Friday.
Wang said the pragmatic cooperation between China and Hungary provides a successful example of cooperation between China and other countries in CEE. “This model of cooperation can serve as a reference and a model for other countries and promote cooperation and development in the region as a whole,” he noted.