Gergely Fábián, the state secretary for industry policy and technology, attended the 25th China Hi-Tech Fair in Shenzhen, in south-east China, and opened the Hungarian pavilion there, the ministry said on Friday. In his speech at the Hungarian Forum held on the sidelines of the fair, Fábián said Hungary was the most important destination of Chinese investors in central Europe. In 2023, 34% 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, Fábián 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.