Apr 05, 2017
Recently, Stephen Shang, President and CEO of Honeywell China did an exclusive interview with Xinhua News Agency in Beijing.
Here’s what he had to say about how the China market will remain a source of prosperity and growth.
Why is investment in China so important for Honeywell?
We pay great attention to the Chinese market and formulate a long-term strategic plan in China. Due to the hike in labor cost and the slowdown of economic growth, the Chinese market witnessed a decrease in investments by foreign firms. However, Honeywell will continue to increase its investment, because the company focuses more on China’s long-term growth than its short-term slowdown.