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Hu and Wen are interested in Hungary

Who knows who and when new delegations are arriving to Hungary from China.

However based on the latest reports Chinese Premier Wen Jiabao is paying an official visit to the Goulash capital on a week-long trip and will allegedly discuss how it can relocate billions to Europe, in what markets have dubbed “support from Europe’s ailing economy.” The European Union had planned to see their group be the strongest economy of the world, by 2010, but corruption and political feuds had allegedly undermined these plans.

The Chinese have disclosed that they are sending thier premier President Hu Jintao to Budapest (as Hungary is still presiding the EU until July 1, 2011) from where he will also visit Berlin and London on a red-carpet visit (colour not connected to China’s communist regime). He is expected to sign all kinds of trade and cultural agreements but will certainly avoid any questions from the state media on human rights issues.

It is unclear exactly Wen will discuss what as Hu knows exactly what he wants. However China, with its foreign exchange reserve exceeding USD 3-trillion, is expected to buy up large sums of European debt and in return would receive a strong foothold in the EU.

Wen’s delegation is expected to pen some state and commercial deals with Hungary during the visit. Those staning in line to get a handshake and a pat on the back from the Chinese will include Hungarian President Pal Schmitt, Prime Minister Viktor Orban, German Chancellor Angela Merkel and British Prime Minister David Cameron.

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South Africa announces FTA worth USD 875-bil

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Hungarian skeletons surface on National Unity Day

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Eminem sues car-maker Audi

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