Orban stated that the EU is moving before the "Economic Cold War" with China

Under Victor Orban, Hungary has become an important trade and investment partner of the PRC, journalists say. Hungary Prime Minister Viktor Orban warned that the European Union is moving before the "Economic Cold War" with China, as the bloc's leaders are preparing to be a decisive vote on the introduction of duties on imports of electric vehicles of Chinese production. Orban himself against "frames" and wants to trade with China. Reuters writes about it.

The EU Member States on Friday, October 4, will vote for the introduction for the next five years of duties up to 45% for the import of Chinese production electric vehicles. This is the most loudest trade in the block that can cause appropriate Beijing activities. But Hungary Prime Minister Viktor Orban is against.

Under Orban, Hungary has become an important trade and investment partner of China, unlike some other EU countries, which consider reducing dependence on the second largest economy in the world. "What they force us to do now, or what the EU wants to do is an economical Cold War," Orbang said, referring to the proposed duties on goods from China. Earlier on Friday, the data showed that the industrial production of Hungary in August decreased by 9. 5%, which is stronger than expectations.

Budapest stated that this was due to the weakness of the German economy, which accounts for about a quarter of Hungary's exports. Orban, who headed the campaign in Central Europe to withdraw Chinese electric vehicles and batteries in Hungary, stated that his country, which has no access to the sea, did not want to be squeezed into any of the blocks and wants to continue trade with both parties.

He stated that the products produced in the EU would be more difficult to sell if the world economy is divided into two blocks, adding that it is unclear whether the Hungarian "economic neutrality" strategy will withstand the test of time. One of the largest Chinese investors in Hungary, CATL, builds a battery production plant worth 7.

3 billion euros in the Eastern city of Debrecen, and the Chinese BYD electric vehicle manufacturer has announced the construction of its first European plant in the soged in the south last year. Last month, Orban stated that Chinese companies have already promised to invest 9 billion euros in Hungary, which puts them on par with the US companies that criticized Orban's strategy to establish closer ties with China.

"Doing business with China is related to certain conditions, and interest is often paid by sovereignty. We all know that Hungary will not be able to store both for a long time," the US Ambassador to Hungary said David Presman in June.

As the EU funding for billions of euros was suspended because of Brussels' concern about the rule of law in Hungary, Budapest borrowed 1 billion euros from Chinese banks in April to finance infrastructure and energy projections under an agreement that was not made public.

We will remind, at the end of September, Victor Orban was in the center of the scandal because of the words of his advisor Balazh Orban, who said that Hungary would have won if she had not performed armed resistance during the Soviet invasion of 1956. Due to this application, criticism was heard due to the fact that he "went too far, trying to demonstrate loyalty to the Kremlin.