Major Trade Agreements Signed Between China’s GBA and Hungary Amid Growing Economic Relations
Strengthening Ties: China's GBA and Hungary Sign Multi-Billion Dollar Deals
In a significant step towards enhancing economic relations, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) recently held a prominent Economic and Trade Cooperation Conference with Hungary in Budapest. This high-profile event culminated in the signing of 36 investment projects valued at over 3.8 billion USD, showcasing the growing partnership between Chinese businesses and Hungarian enterprises.
Among the noteworthy agreements made, the well-known electric vehicle manufacturer BYD will establish its new European headquarters in Budapest. This project underscores Hungary’s strategic importance as a hub for Chinese investment into the European market.
According to Chinese Ambassador to Hungary, Gong Tao, Hungary is increasingly becoming a favored destination for Chinese capital, particularly noting that
Topics General Business）
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