Hungary becomes the main destination for Chinese investment in Central and Eastern Europe

Hungary has become China's main investment destination in Central and Eastern Europe. According to statistics, in 2023, the bilateral trade volume between China and Hungary exceeded 13 billion US dollars, and China's direct investment in Hungary reached 7.6 billion euros, accounting for 58% of the total foreign direct investment in Hungary, creating more than 10,000 jobs. In addition, Hungary's electric vehicle market growth rate is also in the leading position in Central and Eastern Europe, which has created favorable conditions for the development of the battery industry.