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Journal

Volume 78, #2

“Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.

About article

CHINA-HUNGARY TRADE RELATIONS UNDER THE BELT AND ROAD INITIATIVE

Yang Zhifang, Zhang Jieqian, Rudnák Ildikó

ABSTRACT

The Belt and Road Initiative is the abbreviation of Silk Road Economic Belt and 21st Century Maritime Silk Road. In September 2013 and October 2013, Chinese President Xi Jinping proposed the construction of the New Silk Road Economic Belt, New Silk Road Economic Belt and 21st Century Maritime Silk Road respectively. This is a major strategic move by Chinese leaders to promote China/s opening to the outside world and regional harmonious development. At the beginning of 2020, COVID-19 spread rapidly around the world, threatening people/s lives, and having varying degrees of impact on the global economy. This article study about China-Hungary trade and the impact of COVID-19 in the context of The Belt and Road Initiative.

Key words: Trade, PESTEL analysis, Trade-to-GDP ratio

Jel classification: F01, F10, F15

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