BUDAPEST－A trade hub established by a Chinese enterprise in Hungary has
been acting as a "matchmaker" between domestic and European businesses.
Now, it is poised to further facilitate bilateral trade cooperation
as the Belt and Road Initiative continues to unfold, said Wu Jiang, the
The hub, formally known as the Central European Trade and Logistics
Cooperation Zone, comprises an exhibition center in Budapest, and two
logistic parks respectively in Csepel Port in Hungary and Bremen Port in
Germany, according to Wu.
The Chinese businessman, with more than 20 years of experience in
commerce and logistics in Hungary, said his motive to start the trade
service company was to help Chinese enterprises find competent local
partners when exploring new markets in Europe.
"I have noticed that many Chinese enterprises, often unfamiliar with
local languages and laws, spent most of their energy dealing with
accountants, lawyers and government agencies when they came here, with
only limited time spent on expanding actual business," Wu said.
"They could stay for only a year or two, without achieving much of a
breakthrough in business and had to call off their endeavor," Wu added.
He said his exhibition center in Budapest as a bridge linking Chinese enterprises with local partners.
Activities at the center, such as exhibitions and bushiness
presentations, allow the two sides to find suitable partners in a more
efficient way, he said.
Meanwhile, the logistics park in Csepel Port provides services such
as cargo distribution, customs clearance and warehousing, among others,
according to Wu.
In the past, the goods used to flow from the major ports of northwestern Europe such as Hamburg, Bremen and Rotterdam, he noted.
With the Chinese Railway Express cargo trains and China-Europe
land-sea express coming into operation, the trend is that the goods go
from the southeast to the northwest, Wu added.
The Belt and Road Initiative has brought tangible benefits for businesses in Hungary.
"The logistics volume in the park and the whole country has grown
very rapidly this year. Our truck fleet is running at its maximum
capacity and we have to rent trucks to cope with the trade flow," he
The Logistics Park also serves the Chinese Railway Express cargo trains.
"Since the start of freight service of Hunan-Europe freight trains
from Changsha in Hunan province to Budapest in June this year, every
train is full," he said.
The logistics park plans to send a cargo train from Budapest to Changsha on Nov 27.
It is also planning a "Rainbow Line" route with China's shipping giant COSCO Holdings Co Ltd.
The line will start from China's eastern coastal city of Ningbo via
Shenzhen in South China to Piraeus port in Greece by ship and from there
all the way to Budapest by rail.
Wu said that against the backdrop of the Belt and Road Initiative,
the Central European Trade and Logistics Cooperation Zone will surely
thrive and play a greater role in helping Chinese enterprises go global.