Wang Yi meeting Hungarian FM, he said "中国将与匈牙利等国努力促成俄乌停火", China will work with countries like Hungary to reach cease fire between Russia and Ukraine.
I have a feeling that China intends to have Hungary to play the role of mediator. Some reasons,
- Hungary is NATO member, it is hard for the west to blame Hungary of being biased than blaming China. They will still blame Hungary but much less resistance.
- Hungary is more Russia friendly, it is the best choice for China and Russia than anyone else from the west.
- Hungary is probably the only country that is acceptable by both sides as a mediator once they are tired of fighting. Pretty much like Sweden and India during the Korean war.
- To counter Poland's political influence in eastern Europe. A more prestigious Hungary in post war eastern EU better serves China's interest than a US proxy Poland. This is the long term goal of China.