Chinese Premier Wen Jiabao arrived in Hungary Friday to start of a five-day tour of Europe that will also see him in Britain and Germany.

Mr. Wen's visit is likely to focus on economic issues. His trip coincides with sharp economic problems in Greece that have European leaders worried about the financial stability of the eurozone.

Standard Chartered Bank has said that China appears to be favoring investments in European debt over U.S. securities.

Mr. Wen is expected to meet with Prime Minister Viktor Orban and President Pal Schmitt during his two day visit in Hungary, and sign a number of commercial agreements with Hungary.

Budapest currently holds the six-month rotating presidency of the European Union.