President Xi Jinping's plane arrives in Budapest, Hungary, May 8, 2024. Xi arrived here Wednesday for a state visit to Hungary. [Photo/Xinhua]

Last year, bilateral trade between China and Hungary hit $14.52 billion and Chinese direct investment in Hungary was 7.6 billion euros ($8.2 billion), accounting for 58 percent of Hungary's total foreign direct investment.

China once again, after 2020, became Hungary's largest source of foreign investment, according to a report released by the China Economic Information Service.

Hungary is also an important partner of China in Belt and Road cooperation and in China's cooperation with Central and Eastern European countries.

In the written statement, Xi said that the two countries have set a fine example of building a new type of international relations featuring mutual respect, fairness, justice and win-win cooperation.

"I believe that no matter how the international landscape evolves, China and Hungary will always view and approach the bilateral relationship from a broad perspective and a long-term view," Xi said.

He also said that China and Hungary will work together toward the goal of building a community with a shared future for mankind, and make their due contribution to world peace, stability, development and prosperity.

"I am confident that, with the two sides' concerted efforts, this visit will be a complete success and usher in an even brighter future of the China-Hungary relationship," Xi said.