Bloomberg News

China to Buy Hungary Bonds, Extends Development Loan, Wen Says

June 25, 2011

June 25 (Bloomberg) -- China “is willing” to purchase “a certain amount” of Hungarian government bonds and has agreed to extend a 1 billion euro loan for the financing of development projects, Chinese Prime Minister Wen Jiabao said.

China’s state development bank will provide the credit line, Wen said at a press conference in Budapest today.

China wants to boost bilateral trade with Hungary to $20 billion by 2015, Wen said.

To contact the editor responsible for this story: Edith Balazs at

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