China-Hungary economic, trade cooperation deepening: Ambassador

BUDAPEST - The economic and trade cooperation between China and Hungary is deepening and both countries face new opportunities of cooperation in areas of trade, investment and infrastructure, Chinese Ambassador to Hungary Duan Jielong said Tuesday.

The ambassador made the remarks while attending a Chinese-Hungarian meeting of professionals organized by the Hungarian National Bureau of Taxes and Tariffs.

Duan noted that Chinese investments in the Eastern and Central Europe had exceeded $5 billion, of which $3.16 billion had been invested in Hungary by the end of 2015.

Bilateral trade expanded 9.8 percent year-on-year to $6.49 billion in the first nine months of this year, he added.