As China and Hungary celebrate 75 years of diplomatic relations, their collaboration under the Belt and Road Initiative (BRI) is hitting new heights. Here’s how this dynamic duo is rewriting the rules of global partnerships. 🚀
Hungary’s ‘Opening East’ policy, launched in 2010, found its perfect match in China’s BRI three years later. By 2015, Hungary became the first European country to join the BRI—and the results? Trade surged to $14.52 billion in 2023, a jaw-dropping 79.9% leap since 2015. 💸
Chinese investments are powering Hungary’s economy like never before. Giants like BYD and CATL are setting up factories, pouring €7.6 billion into the country last year alone. This isn’t just about cars and batteries—it’s creating jobs, boosting tech, and making Hungary a ‘green energy hub’ for Europe. 🌱🔋
Hungary’s Prime Minister Viktor Orbán has called the partnership a ‘win-win’, and it shows: Hungary is now China’s top investment spot in Central and Eastern Europe. From bilingual schools to RMB clearing banks, these two are crafting a playbook for multilateral success. 📚🤝
