1. Blowing from the East
- Author:
- Agnes Szunomar
- Publication Date:
- 12-2015
- Content Type:
- Journal Article
- Journal:
- International Issues: Slovak Foreign Policy Affairs
- Institution:
- Slovak Foreign Policy Association
- Abstract:
- China is increasingly perceived in Central and Eastern Europe as a country which could bring economic success to the countries of the region through the development of trade relations and the growing inflow of Chinese investment. Within the region, Hungary is regarded as occupying a prominent position by Chinese people and the government for several reasons. Chinese relations have historically been good: over the past decade Hungarian governments have committed themselves to developing the relationship. This trend was further confirmed after the global economic crisis of 2008, when Hungary started looking for new opportunities in its recovery from recession. The “Eastern opening” policy was initiated after the crisis and partly because of it. Officially, this policy puts more emphasis on further developing Chinese–Hungarian relations than was previously the case, including increasing trade and investment. However, the outcomes of the policy – such as the construction of the Budapest–Belgrade railway line – can be evaluated in different ways.
- Topic:
- Development, Economics, International Trade and Finance, and Politics
- Political Geography:
- China and Central Europe