China Brand Fair 2024 kicked off in Budapest on Thursday. The three-day event featured more than 270 companies from ten Chinese provinces and cities, showcasing a diverse range of products.
Gergely Fabian, state secretary for industrial policy and technology at Hungary's Ministry for National Economy, spoke about the longstanding economic ties between Hungary and China. "China's investment in Hungary has propelled innovation and growth across various sectors," he said.
Fabian also drew attention to the strategic importance of Hungary as a gateway to the European Union, providing access to 450 million consumers.
Chen Yiwei, minister counselor from the Chinese Embassy to Hungary, said this year's China Brand Fair will inject new momentum into Sino-Hungarian economic and trade cooperation.
Erno Peto, president of Hungarian-Chinese Chamber of Economy, highlighted the presence of EU-certified intelligent electric vehicle (EV) chargers and smaller electronic cars at the fair.
"This is the seventh time the China Brand Fair has been organized," Peto said, noting the substantial development in Chinese products. "This has become the biggest exhibition in Central Europe with the most extensive selection of Chinese brands."
Antal Musz, a 44-year-old Hungarian entrepreneur, attended the fair primarily to find business partners. He added that he is interested in finding opportunities in manufacturing within the automotive and electronics sectors.
