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Relations Between Hungary and China Forcing EU to Reckon With China


Relations Between Hungary and China Forcing EU to Reckon With China
News Analysis
Shanghai Fudan University, one of the top Chinese universities in the world, has signed a contract to set up a campus in Hungary’s capital, Budapest, triggering strong opposition from local governments and the general public.
“According to Népszava’s survey, only a fifth of all people aware of the situation thinks that it would be beneficial for Hungary,” Daily News Hungary reported on May 17, 2021.
Recently, Direkt36, an independent investigative journalism center in Hungary, cited internal government documents, saying that the cost of the project was as high as €1.6 billion (approximately $1.9 billion), of which Hungary would finance €300 million directly and the remaining €1.3 billion was to be provided by state-owned China Development Bank in the form of loans, which could easily form a debt trap and repeat the mistakes of Sri Lanka, leaving the country under the c ....

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