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"China is not in its bones a nation state, but a civilization state. China has always had to accept a great deal of diversity across the country. Nation states such as in the West, where there is much greater homogeneity, would not be able to tolerate that difference," he said.

"By further promoting digital development and strengthening the creation of business scenarios, banks will play a greater role in helping small businesses overcome financing difficulties and lower financing costs," he said.

"China always believes that 5G technology is a frontier technology that leads the fourth Industrial Revolution and offers a valuable platform, and the development and utilization of 5G in a globalization era happens naturally as all countries undertake extensive consultation and joint contribution for shared outcomes," he added.

"CATL, thanks to its world-leading technologies, is expected to rival traditional battery manufacturers like Panasonic Corp and LG Chem Ltd, and take the lead in the global market," said Mo Ke, chief researcher at ReaLi Research, an institute focusing on lithium battery industry.

"China has an immensely large and ever growing customer potential," the Hungarian National Trade House (MNKH) said in a statement obtained by Xinhua on Friday. The state-run agency is responsible for the Hungarian participation to the import expo.