Chinese SMEs in Hungary decreasing
While the Hungarian government has been making significant efforts to bring Chinese investments and companies to Hungary, statistics show that the number of Chinese-owned companies in Hungary has actually decreased markedly, online news site index.hu reports.
Index.hu compiled information provided by the Opten company information database, which shows that while there were 3,077 Chinese-owned companies in Hungary in 2010, this had fallen to only 1,186 by 2016.
The 61% decrease has a number of likely causes, it observes. For one, immigration from China has slowed, while on the other hand many small-sized companies have gone bankrupt.
At the same time, the report acknowledges some positive trends. While in 2010, 11% of Chinese companies were under liquidation, last year this was only 2.5%.
Almost half of the companies, 45% of the total, are in the wholesale business, and 20% in retail, while 20% have industrial activities and 5% are in the hospitality business.
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