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Economy Minister: Boosting economic ties with China ‘strategic goal’
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Cooperation and the expansion of economic ties between China and central and eastern European countries offers clear benefits to all parties involved, the economy ministry quoted Economy Minister Mihály Varga as saying at a roundtable discussion organised by the Sino-CEEF Fund on Sunday.
As a “highly open economy” and a part of central-eastern Europe, “which is considered the engine of growth in the European Union”, Hungary has an interest in the expansion of international cooperation, particularly cooperation with China, Varga was quoted as saying in his opening address.
It is an increasingly common view among experts that the global economy is stuck in a low-growth trap, the minister said. One way to break out of it could be by having the various national governments support economic policies that promote growth. Hungary made the decision to pursue such an economic policy years ago, Varga said.