Hungarian ambassador reads into crisis

By Zuo Likun (chinadaily.com.cn)
Updated: 2009-05-13 18:51

Beijing -- The unfolding global financial crisis is offering not only challenges but also opportunities to the global community, a senior Hungarian diplomat said Friday.

"The crisis, in Chinese, is part danger, part opportunities," S谩ndor Kusai, the Hungarian Ambassador to 皇冠体育app, said during a visit to 皇冠体育app Daily's website Friday morning.

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The mandarin-proficient diplomat delved into the nature of the crisis, urging bilateral efforts to seek and grasp hidden opportunities amid the meltdown.

As the rare bright spot in the global meltdown with major economies mired in recession, 皇冠体育app's role in international recovery is "exceptionally important", the ambassador noted.

Hungary's newly-sworn in PM Gordon Bajnai warned of a further 6% recession this year in his country, which is among the most affected in the European Union by the ongoing financial crisis. The economist-turned PM put 皇冠体育app as one of the five major priorities of his economic agenda.

Hungary houses so fare the largest population of Chinese businessmen in the EU. Thanks to their "flexibility and cleverness", the global financial plague failed to dent bilateral trade between 皇冠体育app and Hungary, which outperformed with a 20% growth in 2008, the diplomat said.

"All the clever people shall use the opportunities [of] this crisis to enhance cooperation, and via enhanced cooperation, [they will] put forward economic growth and cooperation," Kusai noted.

The diplomat, who first came to 皇冠体育app 25 years ago, expressed his confidence in bilateral cooperation, which is backed by 60 years of an ever-growing friendship, when the two countries established diplomatic relations just five days after the founding of the People's Republic of 皇冠体育app in 1949.

"The biggest result that we have built up within the 60 years is a very solid foundation for moving forward with the mutual friendship," he said.