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Briefing notes

Chinese investment can ensure economic growth in Hungary

Large Chinese investments can ensure that Hungary's economy continues to grow.

Minister of Foreign Affairs and Trade Péter Szijjártó held talks with Vang Ji during the UN General Assembly and reviewed the most important issues of bilateral cooperation and the geopolitical situation.

The minister said that China will again be the largest source of investment in Hungary this year, with the country’s largest-ever investment worth HUF 3 trillion, being carried out by the Chinese company CATL in Debrecen, due to start in the coming days.

The Chinese Foreign Minister assured Szijjártó that the East Asian country values a competitive investment and stable political-economic environment and will continue to encourage Chinese companies to look to Hungary as a European economic bridgehead.

Szijjártó said that they agreed that neither side has an interest in a bad relationship between China and the European Union.

The minister said that bilateral trade turnover reached a record high last year, growing by more than 7 percent in the first half of this year to reach USD 6.5 billion.

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