Hungarian Conservative

The Pujiang Innovation Forum commenced on Saturday in Pujiang (Shanghai), with Hungary participating as the guest of honour at the four-day event. The Hungarian delegation, consisting of around forty experts, business and academic leaders, is showcasing world-class Hungarian innovations at a prominent stand.

‘During this presidency, my job will be to improve China–EU trade relations and stop any attempts that try to limit and push back the quantity and quality of this relationship,’ Hungarian Prime Minister Viktor Orbán stated in relation to Hungary’s upcoming presidency of the Council of Europe in an interview with Chinese state television CCTV.

On the margins of the sixth China International Import Expo, Economic Development Minister Márton Nagy held talks with the leaders of the Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender, emphasizing Hungary’s aim of becoming a regional financial hub in addition to being the meeting point for Eastern and Western capital and cutting-edge technology.

‘Indeed, things are getting so difficult for Xi’s authoritarian directives…China’s economy actually fell into deflation in July, while factory-gate prices also extended declines—its debt is three times its GDP in 2022. Beijing’s consumer price index, the main gauge of inflation, fell 0.3 per cent in July, the National Bureau of Statistics of China (NBS) said, after having flatlined in June.’