Fun Facts on Belt and Road
Hungary: Six ways it takes the lead in Sino-CEE co-operation
Hungary is by far the largest recipient of Chinese outbound direct investment in CEE.
In 2015, Hungary was selected by the Bank of China to launch its first RMB clearing centre in Central Eastern Europe.
In 2013, Hungary was the first CEE country to sign a currency swap agreement with the People’s Bank of China.
Hungary is the first European country to sign a memorandum of understanding on BRI co-operation with the Chinese mainland.
China National Tourism Administration opened its first CEE tourism office in Budapest in 2016.
China’s leading electric automaker BYD opened its first fully-owned bus plant in Europe in the northern Hungarian town of Komarom.
