Senior economic research fellow of the Institute for Foreign Affairs and Trade (IFAT), Mr. Gábor Braun represented Hungary at the China Foreign Affairs University’s workshop organized for researchers from European countries in October.

Founded in 1955 in Beijing, the China Foreign Affairs University (CFAU) provides top quality international legal, economic and language courses, thus college graduates can build their careers both in the Foreign Service and international business. With the promotion of the Ministry of Foreign Affairs, CFAU organizes a number of short and medium-term training programmes for foreign experts in order to learn about the most important achievements of modern China's political, economic and social development.

More than 30 European experts on China (from Norway to Albania) were invited to the workshop held between 17 and 23 October. This program aimed to strengthen people-to-people expert co-operation between China and the European countries as well as to improve the mutual understanding.

The workshop participants heard lectures and specific case studies regarding the history, the foreign affairs and the economic policy of China, together with the intensively developing US‑China and EU-China relationships. Both the so-called ‘One Belt, One Road’ initiative as well as the co-operation between China and the Central and Eastern European countries (16+1 formation) play key roles in the European affairs of China. In addition to the presentations, the workshop participants could visit the Ministry of Foreign Affairs, the Beijing City Planning Exhibition Hall, as well as the High-tech Industrial Park in Tianjin.

As the world's second largest economy, China consciously strives to be increasingly involved in international economic governance and in shaping globalization. For this reason, it continuously strengthens its presence at the international financial institutions, seeks to obtain market economy status and intensifies its international trade and investment relations. However, the Beijing government intends to ensure a sustainable and dynamic economic growth with the help of significant internal economic structural reforms based on the encouragement of high value‑added production and household consumption. Accordingly, the economic development objectives for the next five years include the promotion of innovative, high-tech industries and service sectors, the infrastructure development and the expansion of production capacities. Nonetheless, China has to face with serious challenges such as social inclusion, preserving economic stability, climate change, urbanization and unfavourable demographic trends as well.