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E-mail Xinhua, April 4, 2025
Hungary is poised for a major economic leap in 2025, driven by the start of production at multiple Chinese industrial megaprojects across the country, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said on Thursday.
"Several world-leading Chinese giants will begin production this year or early next, giving a serious boost to our economy and turning 2025 into a breakthrough year," he said at a press conference in Budapest, noting that the arrival of tech leaders like BYD and CATL marks a new chapter in Hungary's economic transformation.
"These major Chinese investments have made it possible for Hungary to move from being a follower to becoming a global frontrunner in the technological revolution transforming the automotive industry," Szijjarto said.
In the past decade, large-scale Chinese business projects have created more than 30,000 direct jobs, he said, reaffirming Hungary's ambition to attract not only large-scale manufacturing, but also Chinese R&D and service investments in the years ahead.
