Hungary election threatens China's last EU veto node

Chinese firms operating in Hungary are now explicitly war-gaming a post-Orbán scenario, with some fearing asset seizure or regulatory reversal of Fidesz-era deals. The opposition Tisza party's Brussels alignment would not only expose Chinese investments to EU regulatory frameworks previously blocked by Hungary, but would eliminate Beijing's primary mechanism for preventing EU-level consensus on China-related sanctions or trade measures. The structural risk is asymmetric: even a moderate Tisza government would represent a fundamental loss of China's 'divide and engage' architecture within the EU, regardless of specific policy outcomes.