November 28, 2017

The economic cooperation and bilateral trade between China and Hungary have been boosted over recent years and new opportunities will emerge under the China proposed Belt and Road (B&R) initiative and the Hungarian "opening to the East" policy, officials and executives have said.

China has become the largest trading partner for Hungary outside Europe. Against the background of sluggish global trade, the bilateral trade volume between the two countries reached $7.42 billion during the first nine months of this year, up 14.3 percent year-on-year, according to a document the Association of China Enterprises in Hungary (ACEH) sent to the Global Times on Monday.

China has become the biggest investor in the Central and Eastern European Countries (CEECs) and its total investment in Hungary has reached $4.1 billion so far, said the document.

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http://www.globaltimes.cn/content/1077666.shtml