It is in the interest of Hungary and the Hungarian economy to foster good economic ties, and China is one of the leading global powers, Gulyás said.
China is now a bigger power than the European Union and Hungary doesn't believe it's worth placing "ideological restrictions" on economic ties, he added.
Preparations for the visit are underway and details will be announced later, he said.
He noted that such a meeting hadn't taken place in Budapest for 20 years.
Fielding questions, Mr Gulyas said strengthening Hungarian-Chinese economic cooperation would be the main topic at the meeting.
"Concrete matters and projects will be addressed and there will be agreements," he added.
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