Government official opens Hungarian pavilion at 25th China Hi-Tech Fair

In his speech at the Hungarian Forum held on the sidelines of the fair, Fabian said Hungary was the most important destination of Chinese investors in central Europe. In 2023, 34 percent of Hungary’s foreign direct investment (FDI) came from Eastern countries, he said.

Hungary is in the process of “creating an eco-system” for the manufacturing of electric cars where Eastern and Western companies can produce electric motors, batteries, solar panels and entire cars, he said.

During the visit, Fabian met representatives of ZTE, Bopu Tech, BGI, Honor and Huawei. At the Huawei plant, he visited the Neumann exhibition room, named after Hungarian-born scientist John von Neumann, which showed a cross-section of the company’s solutions in various sectors, the ministry said.

The China Hi-Tech Fair, the country’s largest fair on innovation, opened on Nov 15, with exhibitors from over 40 countries from Belgium to Australia.