Xi's visit to Hungary and Serbia brings new Chinese investment and deeper ties to Europe's doorstep

FILE - Chinese President Xi Jinping, left, reviews an honor guard with his Serbian counterpart Aleksandar Vucic during a welcome ceremony at the Serbia Palace in Belgrade, Serbia, Wednesday, May 8, 2024. Most countries in the European Union are making efforts to de-risk their economies from perceived threats posed by China. But Hungary and Serbia have gone in the other direction.

Zsuzsanna Vegh, a program assistant at the German Marshall Fund and visiting fellow at the European Council on Foreign Relations, said those deals were “a clear signal that China sees Hungary as a key and reliable ally" in the EU as it seeks to reverse Europe's toughening de-risking policy. Xi's “shared future” agreement with Belgrade, Vuksanović said, promotes “China’s vision of the international order, the one where China is much more powerful, the one where the Western powers, primarily the U.S., no longer have the ability to dictate the agenda to others.”

"We caution all of our partners and all of our interlocutors to be very aware of China’s agenda in Europe," Escobar said last week.by concluding a security agreement with Beijing whereby Chinese law enforcement officers would be permitted to assist their Hungarian counterparts in police actions within Hungary.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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Xi's visit to Hungary and Serbia brings new Chinese investment and deeper ties to Europe's doorstepMost countries in the European Union are making efforts to “de-risk” their economies from perceived threats posed by China. But Hungary and Serbia have gone in the other direction. They are courting major Chinese investments in the belief that the world’s second-largest economy is essential for Europe’s future.
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