New Development in the Belt and Road Initiative: A Case Study of Cooperation Between China and Hungary

Research Article
Open access

New Development in the Belt and Road Initiative: A Case Study of Cooperation Between China and Hungary

Qianyu Li 1*
  • 1 Institute of Economics, Corvinus University of Budapest, Budapest FÖVÁM TÉR 8, 1093, Hungary    
  • *corresponding author qianyu.li@stud.uni-corvinus.hu
Published on 27 April 2023 | https://doi.org/10.54254/2754-1169/6/2022152
AEMPS Vol.6
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-23-2
ISBN (Online): 978-1-915371-24-9

Abstract

The Belt and Road Initiative (BRI) is one of the key topics of current research. Since the BRI was put forward in 2013, the number of research projects and achievements of the BRI has increased, the quality of research has improved, and the depth and breadth of research has increased. However, most of the research focus on macro studies, such as conceptual interpretation of the BRI, and less on micro studies, especially country studies, such as the study of the BRI in Hungary, where there is still a research gap. Therefore, the paper adopts the method of case analysis and data comparison to explore the new developments of China-Hungary exchange and cooperation by collecting data on the economic, cultural and policy achievements of China and Hungary nowadays. It also further examines the significance of the BRI and proposes several suggestions for its further high-quality development. The paper finds that there are many achievements in the construction of BRI. Since the outbreak of COVID-19, China-Hungary economic and trade cooperation has still maintained a growing trend, cultural and educational exchanges have been continuously deepened, and both governments have adopted positive policies and attitudes. The Belt and Road Initiative has had a profound impact on China, Hungary, and the world. For further high-quality development, it is recommended to focus on the digital economy, the green economy, and the construction of pivot cities.

Keywords:

COVID-19, China-Hungary cooperation, policies support, global economic development, Belt and Road Initiative (BRI)

Li,Q. (2023). New Development in the Belt and Road Initiative: A Case Study of Cooperation Between China and Hungary. Advances in Economics, Management and Political Sciences,6,312-320.
Export citation

References

[1]. Zhao, H. (2017). Current situation, problems and prospects of academic research on the Belt and Road Initiative. Russian, Eastern European and Central Asian Studies, 2017(2).

[2]. Chen, X. (2017). Hungary sees the Belt and Road Initiative and China-Central and Eastern Europe cooperation. China Social Sciences Press, Beijing, 2017.

[3]. Central Television Station. What is “The Silk Road Economic Belt”? https://baike.baidu.com/reference/10172695/4d07p38xeTlqFe6a9jvm4ZX2ejLAwSzvDuaGVpcRqZLXTpVcWXhnry9fzXS89tBRjzUSa21WBjYbRjlmGgvHWSotT-iDIyo23-bTsQ, 2017/05/23.

[4]. Lin, H. (2014). The influence and inspiration of the "Maritime Silk Road". People's Daily, 2014(10).

[5]. Chen, J. (2018). Correctly Understanding the Belt and Road Initiative. Study times, 2018(2).

[6]. People's Daily Online, China's Contribution to Belt and Road (Global Vision). https://baijiahao.baidu.com/s?id=1747255601762024343, last accessed 2022/10/21.

[7]. Wang, J. (2022). The fifth edition of the Fair intends to sell US$73.52 billion on an annual basis, up 3.9% from the previous edition. Surfing News, 2022 (11).

[8]. Zeng, X. (2011). Analysis of Current Status and Strategy of Chinese Learners in Hungary. Liaoning Normal University, 2011(4).

[9]. Sami A. E. A. (2022). Iraqi journalist: "One Belt and One Road" is a sunshine avenue forward hand in hand. People's Daily Online, 2022/10/26.

[10]. Song, L. (2022). Song Li-lei: Comments on Hungary's foreign policy of "Opening to the East". Chinese Association for European Students.

[11]. Xie, M. (2019). Hungary shakes hands with China in “Opening to the East”. www.chinatradenews.com.cn, 2019/11/20.

[12]. Lin, Y. (2018). Lin Yi-fu: The impact of China's Belt and Road Initiative on the world. Discovery & Contention, 2018(1).

[13]. Chan, M. H. T. (2018). The belt and road initiative–the new silk road: a research agenda. Journal of Contemporary East Asia Studies, 7(2), 104-123.

[14]. Dunford, M., & Liu, W. (2019). Chinese perspectives on the Belt and Road Initiative. Cambridge Journal of Regions, Economy and Society, 12(1), 145-167.

[15]. Song, L., & Zhou, Y. (2020). The COVID-19 pandemic and its impact on the global economy: what does it take to turn crisis into opportunity? China & World Economy, 28(4), 1-25.

[16]. Hu, B. (2020). Inspired by the Belt and Road Initiative in the post-pandemic era -- Expert: Focus on building a Digital Silk Road. CCTV website, 2020(11).

[17]. Zhang, J. (2020). We should work together to promote green recovery and global climate governance. International Financial Forum, 2020/12/28. https://caifuhao.eastmoney.com/news/20201228135426222523990.

[18]. A.B. Ostrovsky. (2021). The Belt and Road Initiative: An important factor for China's economic development. The economic journal, 2021(11).

Cite this article

Li,Q. (2023). New Development in the Belt and Road Initiative: A Case Study of Cooperation Between China and Hungary. Advances in Economics, Management and Political Sciences,6,312-320.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

Disclaimer/Publisher's Note

The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.

About volume

Volume title: Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2

ISBN：978-1-915371-23-2(Print) / 978-1-915371-24-9(Online)
Editor：Javier Cifuentes-Faura, Canh Thien Dang
Conference website: http://www.icftba.org
Conference date: 16 December 2022
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.6
ISSN：2754-1169(Print) / 2754-1177(Online)

© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open access policy for details).

References

[1]. Zhao, H. (2017). Current situation, problems and prospects of academic research on the Belt and Road Initiative. Russian, Eastern European and Central Asian Studies, 2017(2).

[2]. Chen, X. (2017). Hungary sees the Belt and Road Initiative and China-Central and Eastern Europe cooperation. China Social Sciences Press, Beijing, 2017.

[3]. Central Television Station. What is “The Silk Road Economic Belt”? https://baike.baidu.com/reference/10172695/4d07p38xeTlqFe6a9jvm4ZX2ejLAwSzvDuaGVpcRqZLXTpVcWXhnry9fzXS89tBRjzUSa21WBjYbRjlmGgvHWSotT-iDIyo23-bTsQ, 2017/05/23.

[4]. Lin, H. (2014). The influence and inspiration of the "Maritime Silk Road". People's Daily, 2014(10).

[5]. Chen, J. (2018). Correctly Understanding the Belt and Road Initiative. Study times, 2018(2).

[6]. People's Daily Online, China's Contribution to Belt and Road (Global Vision). https://baijiahao.baidu.com/s?id=1747255601762024343, last accessed 2022/10/21.

[7]. Wang, J. (2022). The fifth edition of the Fair intends to sell US$73.52 billion on an annual basis, up 3.9% from the previous edition. Surfing News, 2022 (11).

[8]. Zeng, X. (2011). Analysis of Current Status and Strategy of Chinese Learners in Hungary. Liaoning Normal University, 2011(4).

[9]. Sami A. E. A. (2022). Iraqi journalist: "One Belt and One Road" is a sunshine avenue forward hand in hand. People's Daily Online, 2022/10/26.

[10]. Song, L. (2022). Song Li-lei: Comments on Hungary's foreign policy of "Opening to the East". Chinese Association for European Students.

[11]. Xie, M. (2019). Hungary shakes hands with China in “Opening to the East”. www.chinatradenews.com.cn, 2019/11/20.

[12]. Lin, Y. (2018). Lin Yi-fu: The impact of China's Belt and Road Initiative on the world. Discovery & Contention, 2018(1).

[13]. Chan, M. H. T. (2018). The belt and road initiative–the new silk road: a research agenda. Journal of Contemporary East Asia Studies, 7(2), 104-123.

[14]. Dunford, M., & Liu, W. (2019). Chinese perspectives on the Belt and Road Initiative. Cambridge Journal of Regions, Economy and Society, 12(1), 145-167.

[15]. Song, L., & Zhou, Y. (2020). The COVID-19 pandemic and its impact on the global economy: what does it take to turn crisis into opportunity? China & World Economy, 28(4), 1-25.

[16]. Hu, B. (2020). Inspired by the Belt and Road Initiative in the post-pandemic era -- Expert: Focus on building a Digital Silk Road. CCTV website, 2020(11).

[17]. Zhang, J. (2020). We should work together to promote green recovery and global climate governance. International Financial Forum, 2020/12/28. https://caifuhao.eastmoney.com/news/20201228135426222523990.

[18]. A.B. Ostrovsky. (2021). The Belt and Road Initiative: An important factor for China's economic development. The economic journal, 2021(11).

For authors
Guide for authors Policies for authors Aims and scope Subscription Open access policy
For editors
Policies for editors Editorial board
For reviewers
Policies for reviewers Privacy policy

Cookies are used by this site.
Copyright © 2024 EWA Publishing, its licensors, and contributors. All rights reserved, including text and data mining, AI training, and similar technologies.