Chinese Exports To Hungary Drop

  • 11 Oct 2010 1:00 AM
Chinese Exports To Hungary Drop
"Hungary's trade deficit with China narrowed to $3.8 billion last year, from more than $5 billion in 2008, Napi Gazdasag writes. Exports rose 10%, to $1.2 billion, in 2009, while imports fell by over 20%, to $5 billion, as recession cut demand for Chinese products.

Chinese foreign direct investment to Hungary rose to €32 million in 2008 from €23.2 million a year before, according to figures of the investment promotion agency ITD Hungary.

The same figure for 2009 is expected to be much higher, with the €132 million investment of Wanhua in BorsodChem and transactions of telecommunications company Huawei, the business daily writes. "

Source: Hungary Around the Clock.

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