Ties between China and Hungary have expanded rapidly in recent years, with advances made in political, trade and people-to-people relations.
The Belt and Road Initiative and the "16+1" cooperation mechanism have pushed China-Hungary relations to a new level. According to Chinese Ambassador to Hungary Duan Jielong, "the relations between China and Hungary have entered the best period in history."
Hungary signed the memorandum of understanding over China's Belt and Road Initiative in June 2015, becoming the first European country to establish a Belt and Road working group with China, which signifies a successful docking of the China-proposed initiative with Hungary's "opening to the East" policy.
The building of the Hungary-Serbia railway, an important cooperation project, has progressed smoothly. Furthermore, the China Railway Express from Chinese cities, such as Xi'an, Chongqing and Changsha, arrived in Budapest last year.
China is Hungary's most important trading partner outside Europe. Last year, trade between the two countries exceeded 10 billion U.S. dollars.