Bilateral developments and economic indicators following the February 2026 meeting between Foreign Minister Wang Yi and Prime Minister Viktor Orbán.
February 2026 Visit Context
The ongoing visit emphasizes the transition of large-scale infrastructure and industrial projects into operational phases. Discussions centered on the implementation of previously signed agreements, the expansion of logistical connectivity, and the maintenance of bilateral political trust amidst shifting European economic policies.
Foreign Direct Investment Structure
Chinese capital investment remains concentrated in the modernization of the automotive sector, with BYD and CATL manufacturing facilities commencing operations in early 2026.
Countervailing Duties on EU Dairy
In February 2026, China's Ministry of Commerce implemented five-year tariffs on dairy products imported from the EU. The measure follows an anti-subsidy investigation into material injury to Chinese industries.
Applied based on anti-subsidy rulings effective for a 5-year term.
Logistics & Infrastructure Development
🚈 Budapest-Belgrade Railway Status
Feb 27, 2026
Commencement of freight traffic operations.
Mar 14, 2026
Scheduled launch of passenger transport services.
Logistics Capacity
Daily express service every 2 hours, connecting regional capitals.
✈️ Aviation Connectivity Targets
Aggregate capacity increased to 77 weekly flights (35 Passenger / 42 Cargo).
Strategic Framework
Hungary has reiterated its commitment to the One-China policy. Diplomatically, both nations collaborate within the "Friends of Peace" group at the UN, focusing on political settlements for regional conflicts.
Adherence to mutual respect and sovereignty principles.
Opposition to external interference in internal affairs.