Knowledge Tree
Relations (1)
related 2.32 — strongly supporting 4 facts
China and Hungary are linked through significant economic ties, including Chinese inward investment in Hungary [1] and a substantial increase in Chinese capital within the country [2]. Furthermore, their bilateral relationship is characterized by low export ratios [3] and political alignment within the 16+1 framework, which has influenced Hungary's stance on China's human rights record [4].
Facts (4)
Sources
Quest for Strategic Autonomy? Europe Grapples with the US - China ... realinstitutoelcano.org 3 facts
measurementIn Greece, Slovenia, Lithuania, and Hungary, exports to China accounted for less than 3% of total national exports.
measurementAmong countries surveyed in the Real Instituto Elcano report, Hungary has the highest share of Chinese inward investment at 5%, followed by Greece at 4.2% and the Netherlands at 2.1%.
measurementChinese investment in Hungary increased by 174%, rising from USD 2.22 billion to USD 6.98 billion.
Independence play: Europe's pursuit of strategic autonomy ecfr.eu 1 fact
claimAs a result of the 16+1 framework, Hungary and Greece have become reluctant to criticize China's human rights record.