The venue of CIFIT in Xiamen. [Photo/WeChat ID: touzixiamen]

At the invitation of China, Hungary will serve as the guest of honor at the 24th China International Fair for Investment and Trade (CIFIT) this year.

China is Hungary's largest trading partner outside the European Union and third-largest source of global investment.

This year marks the 75th anniversary of the establishment of diplomatic relations between the two countries. The comprehensive strategic partnership between China and Hungary has yielded fruitful results, particularly in economic and trade cooperation.

The two sides will explore the potential of bilateral economic and trade cooperation, strengthening collaboration in new energy, infrastructure, transportation and logistics, and other fields.

Recently, the CIFIT working group also visited the Ministry of Foreign Affairs of Denmark, the Economic and Commercial Office of the Embassy of the People's Republic of China in the Kingdom of Denmark, and Copenhagen Capacity to promote CIFIT.

Now is a crucial time for the development of Sino-Danish bilateral relations, and relevant Danish entities have shown great interest in CIFIT. The Chinese Embassy in Denmark is committed to making the most of CIFIT, solidifying economic and trade exchanges and industrial cooperation with China and promoting the stable development of bilateral relations.

The CIFIT working group also invited Copenhagen Capacity to select high-quality projects, particularly those in the three key industries of life sciences, green innovation, and high technology in Denmark, to participate in project roadshows in Xiamen. Copenhagen Capacity said it will consider organizing relevant promotional activities at this year's CIFIT and arranging for project participation.