My personal thought when I was writing this story — where are the European bidders?
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Xiaofei Xu
699 posts
Xiaofei Xu
@XIAOFEIXU
Europe Economy Reporter for @SCMP by way of @cnni @France24_en | CJS 2020 | EDJ 2021 Views are my own
Paris Katılım Şubat 2012
820 Takip Edilen644 Takipçiler
Chinese LED chipmaker’s purchase of Dutch firm collapses after US opposition
The second time in 10 years that US derailed a Chinese purchase of Lumileds
US private equity Apollo Global Management took it over 2016, leaving it laden with debt
scmp.com/tech/big-tech/…
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We didn’t get the list until more than one hour after the conference started
It must have been a very traumatizing experience for TV journalists who had to say on air who is there and who isn’t
Finbarr Bermingham@fbermingham
So China is represented at ministerial level by teleconference at Macron's Hormuz summit - as with Japan and a fair few Gulf and SE Asian states. Kallas was on the call but she must have been added so late, her name isn't on the list. VDL was there
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Xiaofei Xu retweetledi
The US, Israel and Iran not invited to today's "non-belligerents" summit in Parls.
China was, by both the UK and France.
Report with @XIAOFEIXU
scmp.com/news/china/dip…
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@fbermingham Especially since it will presumably have to go through the Carpathian Mountains
And Fico’s Slovakia
Maybe check with the Swiss 😉
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This after slamming the Chinese built Budapest-Belgrade line.
I wondered, then, who would build it...
Neocon Nixonite(formerly Hungarian)🇭🇺🇳🇱🇩🇰@nixoninexile
Magyar is on state TV rn promising a Budapest-Warsaw high speed rail line
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@HendrKim No one expects him to continue Orban’s one-sided approach, even Beijing has realistic expectations about him
And his remarks are definitely on the warmer side and perfectly acceptable
China’s embassy in Hungary today said it “appreciates” Magyar’s “positive comments on China”
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@XIAOFEIXU The article is a bit contradictory though. Magyar sent a “warm overture” to Beijing. Yet he also implied that Chinese companies have unfair advantages (do they?) and that the Chinese-sponsored Budapest–Belgrade railroad was not in Hungary’s interest (why wouldn’t it be?).
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Magyar’s presser still ongoing
🇨🇳 poped up
He noted Beijing’s congratulation message which said China is open to working with him
He vowed to provide level playing field to all foreign firms, instead of Orban’s system which favored China and South Korea
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China’s Embassy in Hungary says it “appreciates” Magyar’s warm ouverture to Beijing
Magyar made his first public comments on China following his landslide victory in his response to my question yesterday
Chinese Embassy in Hungary@ChineseEmbinHU
使馆赞赏毛焦尔先生涉华积极表态。 中方高度重视中匈关系发展,愿在相互尊重、平等相待、合作共赢的基础上,同匈新一届政府加强高层交往，增进政治互信。高质量务实合作是双边关系发展的重要动力，中国将坚持高水平对外开放，愿同匈方深化互利合作，共享发展机遇，造福两国人民。nepszava.hu/3318777_szives…
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The tone was very measured and pragmatic, even warm
I was also surprised by his comments on Marine Le Pen and Meloni, as he objected the far-right framing
Read all about what else he has to say and the economy challenges facing the new government here!
scmp.com/economy/articl…
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Ended on a positive note
“I believe it is in China’s interest as well as ours to cooperate very well, so that both countries and both countries’ companies benefit mutually. That is what we will work towards,” Magyar said.
He also reiterated his willingness to travel to Beijing
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@Luftstalag14 @fbermingham Samsung and SK both have factories here in Hungary!
Samsung’s battery factory near Budapest was caught in scandal after scandal, which kinda soured Hungarian public opinion on East Asian firms
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@XIAOFEIXU @fbermingham South Korea? Did Orban really? Why?
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The supporters I spoke to have no illusions about what comes next
A Tisza victory won’t transform Hungary overnight — Orbán’s machine will not yield without a fight
But those fears belong to tomorrow.
Tonight is theirs
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A sea of joy here at Tisza’s HQ as Orbán conceded the election. People were shouting, jumping, hugging, a real sense of change and excitement
Tisza is currently projected to secure a two-thirds majority, which will give it bigger power to dismantle the apparatus Orbán built
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Hungarian opposition leader Peter Magyar hailed the record turnout, highest since the fall of communism and said he is “carefully optimistic” about the possibility of ending Viktor Orban’s 16-year reign
But he urged patience as vote counts is still underway, polls closed at 19h
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