China’s relentless pursuit of a modernized industrial system is not only bolstering its own economy but also significantly contributing to the economic growth of Hungary and broader Europe. This development is also playing a pivotal role in global climate change mitigation efforts, according to European scholars. These insights were shared during a recent research tour by a Hungarian think tank delegation in Sichuan province, China. The delegation, which included Eric Cornelis Hendriks, a Dutch sociologist and visiting fellow at the Danube Institute, visited several industrial projects in Chengdu, the capital of Sichuan province, from October 25 to 26, 2025. Hendriks expressed particular admiration for China’s advanced industrial capabilities during a visit to Chengdu B&M Science and Technology Co Ltd, a subsidiary of Huayou Cobalt. He highlighted a high-nickel ternary cathode material green manufacturing project in Hungary, which is currently under construction and slated for operation next year. This project exemplifies the growing industrial collaboration between China and Europe, underscoring the mutual benefits of such partnerships.