Hungary is first European country to sign up for China's Silk Road plan

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By Ben Blanchard and Paul Carsten
Reuters
Sunday, June 7, 2015

BEIJING -- Hungary has become the first European country to sign a cooperation agreement for China's new "Silk Road" initiative to develop trade and transport infrastructure across Asia and beyond, China's foreign ministry said late Saturday.

The countries' foreign ministers signed a memorandum of understanding for what is formally known as the "One Belt, One Road" project in Budapest, according to a statement on the Chinese foreign ministry website.

China welcomes more European countries to look east and strengthen cooperation with China and other Asian countries, and participate in the "One Belt, One Road" in various ways, said Wang Yi, China's foreign minister, according to a separate statement on the website. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/06/07/china-hungary-idUSL3N0YT01U201...



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