South Chinese officials invite Hungarian technology companies to set up shops in China

Thursday, November 20, 2014

The southern Chinese city of Foshan in the province of Canton is waiting with open arms for Hungarian companies working in the technology industry said the Chairman of the National Innovation Agency to MTI on Tuesday.

Endre Spaller recently visited the southern Chinese city where he signed a cooperation agreement with the President of the World of Internet of Things (Wiot).

The Chinese company is willing to commit HUF 500 million to assist Hungarian companies to start business in the city; it also provides office space, lawyers, accountants, and secretaries; but that's not all, the Chinese company pledged additional support to Hungarian companies to help them enter new markets and expand their footprints in the city.

The task of the Hungarian side is to look for Hungarian enterprises working in technology industry that are willing to expand to China. In the southern Chinese industrial zone Hungarian engineering know-how is in high demand. China has enormous potential for Hungarian enterprises said the chairman of the National Innovation Agency.

The city of Foshan will establish an European-Chinese industrial zone with a "Hungarian house" built for Hungarian technology companies Spaller explained.

(MTI –


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