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Announced by Chinese President Xi Jinping in 2013, the 'Belt and Road Initiative' aims to build a trans Euro-Asia economic belt stretching from China to the Horn of Africa. Since the trade network was announced significant strides have been made to connect trade opportunities including a freight train from London to Yiwu, China, and an electric railway connecting Ethiopia and Djibouti. More is planned, not only boosting trade, but bringing much-needed ICT and sustainable technologies, which could contribute to capacity building in the most vulnerable countries.

Another notable area of cooperation between the two countries is the establishment of joint funds. EXIM, through its financing and insurance facilities along with its equity funds plays a significant part in supporting the expansion of Hungarian companies to Chinese market.

Annual gathering to strive for inclusive growth, renewed collaboration

Another 1,575 projects are ready to resume construction or operations in the near future, which will lead the return rate to about 23 percent in the island province.

Apart from stepped up fiscal policies, the measures also include supporting construction of infrastructure related to hog production, animal disease prevention and control, as well as circulation.