Parliamentary Secretary László Szabó: The future belongs to China and the Asian countries

Tuesday, May 5, 2015

A new international world order is taking shape as we speak and the future belongs to China and the Asian countries said Parliamentary State Secretary László Szabó at "One Belt, One Road" conference in Budapest on Monday.

The conference is co-organized by the Institute of Foreign Affairs and Foreign Trade and China-Central and Eastern European Countries Secretariat; the state secretary said the goal was to combine the dynamic development of the Middle East with Asia, Africa and Europe, which corresponds to Hungarian foreign policy goals.

Huo Yu-chen, China's special envoy to Central and Eastern European said the initiative offers significant potential for China and the 16 Central and Eastern European countries (CEE) institutionalized three years ago, and has since the co-operation showed significant results.

Beijing hopes that the countries of the region will play an important role in the "One Belt, One Road" initiative and the new international economic order to shape he added.

The Special Rapporteur stressed that in recent years Sino-Hungarian and China-CEE relations have developed dynamically. The initiative may further deepen cooperation between the Central and Eastern European countries and Asia - he added.

China's "One Belt, One Road" initiative seeks to develop cooperation, first and foremost through investment, trade and economic integration between the countries of Eurasia so contributing to the development of the region.

The concept foresees a grand economic space that starting in China, incorporating Central Asia and Europe under the project of the "new Silk Road"; it also conceives a maritime "Silk Road" linking South-East Asia to Africa. The initiative will be financed by the $ 40 billion Silk Road Fund and the planned $ 100 billion Asian Infrastructure Investment Bank. Hungary has already indicated its intention to join the Asian Infrastructure Investment Bank; it is expected to become a full member of the bank in the second half of this year.

The conference jointly organized by China's Ambassador to Hungary Gao Jian and Hungarian Foreign Minister Péter Szijjártó. The Chinese ambassador said Hungary is playing a leading role in China-CEE cooperation.

Speaking of cooperation the Hungarian state secretary emphasized that at the end of this year, the Belgrade-Budapest high-speed railway construction begins, which reduces the current travel time from eight to three hours between the two cities. The railway line can play a major role by linking the port city of Piraeus, Greece to the rest of Europe.

(MTI –


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