Berliner Boersenzeitung - After Serbia, China's Xi arrives in Hungary to tighten bonds

EUR -
AED 4.061239
AFN 70.774285
ALL 90.674324
AMD 400.588378
ANG 1.979985
AOA 1014.065922
ARS 1708.818725
AUD 1.627461
AWG 1.992192
AZN 1.879823
BAM 1.955229
BBD 2.233478
BDT 137.929696
BGN 1.9559
BHD 0.418387
BIF 3352.91121
BMD 1.105852
BND 1.425122
BOB 12.980207
BRL 6.24054
BSD 1.108886
BTN 104.234956
BWP 15.384644
BYN 3.340924
BYR 21674.696468
BZD 2.230279
CAD 1.577039
CDF 2560.046784
CHF 0.924354
CLF 0.027949
CLP 1099.98486
CNY 7.37675
CNH 7.377757
COP 3668.807308
CRC 500.66502
CUC 1.105852
CUP 26.614223
CVE 110.234284
CZK 24.380825
DJF 197.474975
DKK 7.475371
DOP 67.280948
DZD 151.457624
EGP 59.092272
ERN 16.587778
ETB 181.067828
FJD 2.515094
FKP 0.835271
GBP 0.836107
GEL 2.864315
GGP 0.835271
GHS 12.985206
GIP 0.835271
GMD 81.832691
GNF 9825.217834
GTQ 8.473639
GYD 232.002207
HKD 8.675264
HNL 29.819556
HRK 7.534784
HTG 145.301483
HUF 365.491779
IDR 20145.248052
ILS 3.540329
IMP 0.835271
INR 104.187335
IQD 1681.139161
IRR 2116047.535497
ISK 136.616819
JEP 0.835271
JMD 175.668668
JOD 0.784015
JPY 176.996042
KES 143.716444
KGS 96.705527
KHR 4569.78864
KMF 493.210208
KPW 995.266721
KRW 1476.417309
KWD 0.34434
KYD 0.924147
KZT 492.534985
LAK 24954.70802
LBP 99304.282436
LKR 368.772242
LRD 188.517471
LSL 18.550659
LTL 3.265293
LVL 0.668919
LYD 7.151007
MAD 10.922908
MDL 20.227089
MGA 5061.52098
MKD 61.54566
MMK 2322.178184
MNT 3985.580384
MOP 8.959244
MRU 44.869968
MUR 52.660715
MVR 17.041092
MWK 1920.864311
MXN 20.579351
MYR 4.518954
MZN 70.674713
NAD 18.53394
NGN 1486.587678
NIO 40.808444
NOK 10.583743
NPR 166.774775
NZD 1.995747
OMR 0.425205
PAB 1.108976
PEN 3.780995
PGK 5.058613
PHP 70.551412
PKR 306.648568
PLN 4.405067
PYG 6874.084575
QAR 4.042474
RON 5.346681
RSD 117.602261
RUB 91.561274
RWF 1638.121327
SAR 4.174609
SBD 8.954413
SCR 15.490166
SDG 665.172606
SEK 11.089316
SGD 1.423286
SHP 0.828633
SLE 25.323544
SLL 23189.184907
SOS 633.101178
SRD 41.473866
STD 22888.900808
STN 24.493286
SVC 9.70334
SYP 14378.286141
SZL 18.534317
THB 37.444695
TJS 10.229949
TMT 3.88154
TND 3.33797
TOP 2.662625
TRY 55.680198
TTD 7.532935
TWD 36.35543
TZS 2940.298651
UAH 50.390575
UGX 4563.666457
USD 1.105852
UYU 44.947069
UZS 13274.121188
VES 995.809091
VND 28391.087743
VUV 133.070168
WST 3.0907
XAF 655.957
XAG 0.022146
XAU 0.000283734004
XCD 2.98862
XCG 1.998552
XDR 0.781895
XOF 655.957
XPF 119.331742
YER 261.535134
ZAR 18.548679
ZMK 9953.992832
ZMW 22.649689
ZWL 356.083848
SSP 6575.959858
MXV 2.311087
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

After Serbia, China's Xi arrives in Hungary to tighten bonds
After Serbia, China's Xi arrives in Hungary to tighten bonds / Photo: Elvis BARUKCIC - AFP

After Serbia, China's Xi arrives in Hungary to tighten bonds

Following a visit to Serbia, Chinese President Xi Jinping arrived in Budapest on Wednesday in the last leg of his European tour aimed at strengthening already flourishing ties between Beijing and its closest EU ally.

Text size:

Xi's three-day visit to Hungary marks 75 years of diplomatic relations between the two countries, with the Chinese leader expected to attend a state dinner with Hungarian Prime Minister Viktor Orban later on Wednesday.

He began his European trip in France, a visit that was cordial but also highlighted tensions between Beijing and the EU over the war in Ukraine and global trade.

Earlier on Wednesday, Xi wrapped up his visit in Serbia, which like Hungary has close ties to both Russia and China.

China has poured billions into Serbia and neighbouring Balkan countries, particularly into mining and manufacturing, and last year Beijing and Belgrade signed a free-trade agreement.

Serbia's President Aleksandar Vucic greeted Xi and his wife Peng Liyuan on a red carpet outside the main government offices in Belgrade on Wednesday.

The Chinese leader was met by a gun salute before shaking hands with officials, including the prime minister and the National Bank of Serbia governor.

The two leaders waved from a balcony to several thousand people, some waving Chinese flags, as Vucic called Xi a "friend of Serbia".

"Such respect and love as he will find here in our Serbia, he will not find anywhere else," Vucic added.

He also told the crowd as Xi applauded: "We have a clear and simple position regarding Chinese territorial integrity. Yes, Taiwan is China."

Beijing claims the self-ruled island as its own, and has not ruled out using force to bring it under Chinese control.

Xi told Vucic in opening comments that there was a "strong feeling of friendship between our two countries".

They later appeared together to sign a joint declaration, with commercial promises including the purchase of new Chinese trains, new air links, and increased Serbian imports.

- NATO bombing -

Streets in the Serbian capital were decked out with Chinese flags and posters proclaiming a "warm welcome" to "Chinese friends".

Xi's visit coincided with the 25th anniversary of the 1999 US bombing of the Chinese embassy in Belgrade, which killed three people.

"Do not forget that our Chinese friends were with us 25 years ago when this country was being demolished and bombed," Vucic told the crowds Wednesday.

The embassy was hit during a months-long, US-led NATO campaign targeting Serbian security forces who were at war with ethnic-Albanian insurgents in Kosovo.

The United States later apologised, saying outdated maps had led the pilot to strike the wrong target.

On Tuesday, Xi wrote in the Serbian daily Politika that NATO had "flagrantly bombed the Chinese embassy", warning that China would "never allow such tragic history to repeat itself".

Serbia has repeatedly supported China's claims over Taiwan and in turn, Beijing has long backed Serbia's territorial claims over the breakaway province of Kosovo.

Along with Russia, China has prevented Kosovo's recognition at the United Nations.

Xi called for the two countries to "firmly support each other's core interests".

"China supports Serbia in upholding its policy of acting independently... (and) its efforts to safeguard national sovereignty and territorial integrity on the Kosovo issue," he said Wednesday.

- Ukraine fears -

"For Serbia, this is without a doubt one of the most significant visits," Marko Tmusic, a political sciences professor at the University of Belgrade, told AFP.

In Belgrade, many welcomed Xi's visit.

"I think it's an excellent thing, this visit from the president of one of the most powerful countries in the world," 67-year-old Stojan Vidovic, a retiree, told AFP.

In France, Xi met President Emmanuel Macron and EU Commission President Ursula von der Leyen who urged him not to allow the export of technology that could be used by Russia in Ukraine and to do all it could to end the war.

Xi warned the West not to "smear" China over the conflict and hit back at accusations that Chinese overcapacity was causing global trade imbalances.

Some European allies are concerned that while officially neutral over the Ukraine conflict, China is essentially backing Russia, which is using Chinese machine tools in arms production.

Xi will hold talks with Orban, who has bucked the European Union's official position to "de-risk" relations with China.

(F.Schuster--BBZ)