Via Foreign Policy, an article on Hungary’s leader’s argument that sending troops to Chad will slow migration, but he seems to be seeking security partnerships in exchange for lucrative minerals: Hungary is set to deploy about 200 troops to Chad, ostensibly in an effort to fight terrorism and curb illegal migration to Europe. Hungary, a member […]
Read more »Via The Economist, a report on how near-shoring is turning eastern Europe into the new China: The european union has tried hard lately to restrict Chinese imports. Yet this summer China made it easier to import one European product: Polish poultry. The gesture was economically insignificant. But it is part of a broader push by China […]
Read more »Via Foreign Policy, a report on how – from Malaysia to Mexico – some countries are gearing up to benefit from economic fragmentation: A full decoupling of the Chinese and Western economies could be a costly proposition. The International Monetary Fund estimates that it could shave around 7 percent off global GDP in the longer term, […]
Read more »Courtesy of Bloomberg, a report on China’s growing business relationships with Serbia and Hungary: It’s 10 a.m. and the high-speed train leaves Belgrade’s new, glass-and-steel station right on time. Thirty-six minutes later it pulls into Serbia’s northern city of Novi Sad, the first completed section of a 350 kilometer-long (217 mile) upgrade going up to […]
Read more »Via CNN, an article on how Hungary and Mexico could help BYD crack the global market: More than 5,000 electric vehicles were loaded onto a giant shipping carrier in China this week and sent to ports in Europe. The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and has surpassed Tesla as […]
Read more »Courtesy of The New York Times, an article on BYD’s announcement that it will build a plant in Hungary: BYD, China’s electric-vehicle juggernaut, said Friday it would build an assembly plant in Hungary, its first production facility for battery-powered cars in Europe and the latest sign of the company’s ambitious plans to expand beyond Asia. […]
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