china
Under the spotlight is the Budapest Belgrade cargo train line. It evades all major Hungarian cities and has been built using Chinese credit. It is said to cost far more than it should with a poor investment return. It is estimated to pay for itself in about one hundred years. And still, some argue in favour of the collaboration. Watch the full report above.
Euronews (English)
Chinese President Xi Jinping arrived in Hungary on Wednesday, marking the end of his five-day European tour. His visit is set to solidify numerous agreements with Prime Minister Viktor Orbán, further strengthening China's regional economic influence. This contrasts with the stance of other EU nations, which are seeking to reduce their reliance on the world's second-largest economy. During his stop in Paris, French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged Xi Jinping to promote more balanced trade with Europe and use his influence on Russia to address the conf...
Euronews (English)
After meetings in France and Serbia, Xi will travel to Hungary to meet with President Viktor Orbán and talk cars, among other economic issues. China regards Hungary as one of its closest European partners. Beijing has invested heavily in electric vehicle factories. In 2022, Chinese-made electric cars accounted for just under 4 percent of the European market, compared with just 1.4 percent in 2019. The spike prompted an investigation by the European Commission to find out whether Chinese state subsidies are artificially deflating prices to the detriment of European manufacturers. It has until J...
Euronews (English)
China and Serbia have signed a new comprehensive free trade agreement, deepening the economic and political ties between Belgrade and its biggest foreign investor. The new partnership was announced in a joint press conference in Belgrade on Wednesday and comes as Chinese president Xi Jinping visits Europe for the first time in five years. President Aleksandar Vučić said the deal "will guarantee a future" for Serbia, cancelling tariffs on almost 95% of the country's exports to China within the next five to ten years, from "apples to beef meat". His Chinese counterpart described their relationsh...
Euronews (English)
Chinese leader Xi Jinping continued his European tour by visiting ally Serbia on Tuesday. The trip falls on a symbolic date: the 25th anniversary of the bombing of the Chinese Embassy in Belgrade during NATO's intervention over Kosovo. US jets dropped five bombs on the Chinese Embassy compound in the Serbian capital on 7 May 1999. Three Chinese nationals were killed, and 20 others were injured. Xi referenced the bombing directly in an op-ed published in Serbia’s Politika newspaper on Tuesday, where he wrote, “We must not forget that 25 years ago today, NATO brazenly bombed the Chinese Embassy ...
Euronews (English)
China's President Xi Jinping has said his country is willing to work with France towards a global "cessation of war" during the upcoming Paris Olympics. At a press conference in Paris, Xi said China has been playing an "active role in achieving peace" in the war in Ukraine. "The world today is not very peaceful. As a permanent member of the United Nations Security Council and a responsible major country, China is willing to work with France to take the Paris Olympics as an opportunity to advocate a global ceasefire and cessation of war during the Games," Xi said. Those comments echoed similar ...
Euronews (English)
Investment in clean technologies such as solar photovoltaics (PV), batteries, wind power, electrolysers and heat pumps soared by 70% last year with China accounting for three-quarters of global investments, according to a report published today (May 6) by the International Energy Agency (IEA) assessing the pace of clean tech manufacturing. China houses more than 80% of global solar PV module manufacturing capacity and battery production and is the world’s largest exporter of EV batteries, accounting for about 70% of total exports in 2023. The Asian giant currently controls nearly 90% of global...
Euronews (English)
President Xi Jinping is meeting his French counterpart Emmanuel Macron in a rare visit to Paris, as part of a European trip which will include heading to Serbia and Hungary for further talks. Macron and Xi are being joined by head of the European Commission Ursula von der Leyen, who is discussing broader concerns for the EU. Both Western leaders are poised to issue stern warnings regarding trade. The state visit comes against a backdrop of simmering tensions over state subsidies for Chinese products in the EU, which provoked the European Commission to launch an investigation last year. These s...
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A section of a highway collapsed after heavy rains in southern China, sending cars tumbling down a slope and leaving at least 36 people dead, authorities said on Thursday. Thirty other people had injuries, none of them life-threatening, a government statement said.
Euronews (English)
US President Joe Biden has called Japan and India “xenophobic” countries that do not welcome immigrants, lumping the two with adversaries China and Russia. The remarks made at a campaign fundraising event Wednesday evening came just three weeks after the White House hosted Japanese Prime Minister Fumio Kishida. During the lavish official visit, the two leaders celebrated what Biden called an “unbreakable alliance,” particularly on global security matters. Indian Prime Minister Narendra Modi was welcomed by the White House last summer. The comment is the latest in a long list of gaffes by Biden...
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