Hungary to set up local campus for China’s Fudan University
- The Budapest campus will host up to 6,000 students, paving the way for the institution to establish a European foothold
- The move is part of Hungary’s ‘eastern opening’ diplomacy, which includes forging close relations with China
Hungary’s government signed an agreement with Shanghai-based Fudan University on Tuesday to set up a campus in Budapest for up to 6,000 students, opening the way for Fudan to establish a foothold in the European Union.
The move is part of Hungary’s “eastern opening” diplomacy, which includes forging close relations with China.
China is building a major railway line connecting Budapest and Belgrade as part of Beijing’s Belt and Road Initiative aimed at opening new foreign markets to Chinese firms.
Hungary will provide land, an operational campus and other facilities to Fudan Hungary University through a trust foundation according to the agreement published on Tuesday.
“The parties welcome that research institutes of Fudan Hungary University might contribute to attract numerous Chinese large enterprises to Hungary and as a result R&D centres may be established,” the document said.