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Interview: China "more and more attractive" to foreign investors, says Honey ...

2021-3-6 17:57

A foreigner is shopping for the Spring Festival with the help of his Chinese friend in Wuhan, central China's Hubei Province, Feb. 3, 2021. (Xinhua/Xiong Qi)

"China has definitely made a lot of strides in opening up its economy" and improving its business climate for foreign investors, said Shane Tedjarati, president of Global High Growth Regions of U.S. industrial conglomerate Honeywell.

NEW YORK, March 5 (Xinhua) -- Buoyed by its robust economic growth and continuous efforts to improve business environment, China, a longtime popular destination for foreign investment, is becoming increasingly attractive, a senior executive from Honeywell has said.

China's economy is "very dynamic" and has huge potential to grow further, Shane Tedjarati, president of Global High Growth Regions of the U.S. industrial conglomerate, told Xinhua in a recent interview.

"Along that path, it's also becoming a very, very attractive market to invest (in). It has been attractive for the past 30 years, and it becomes more and more attractive as China decides to open up its economy even more," said Tedjarati, who has worked and lived in China for more than 20 years.

Currently, China is Honeywell's largest single market outside the United States, and one of the company's most important sources of growth, according to the multinational corporation which primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.

 

A worker operates at a workshop of the Dongan Auto Engine Co., Ltd. in Harbin City of northeast China's Heilongjiang Province, March 2, 2021. (Xinhua/Wang Jianwei)

Honeywell's core business aligns with China's market demands, Tedjarati said.

The senior executive said when he looked at China's blueprint for the next five years, "it's almost as if we had written it for each other," adding that a lot of what Honeywell does is very much in line with China's vision.

"I think that the areas where we're really excited about are e-commerce, safety, security, healthcare, energy efficiency, environment, climate change all together, and everything that relates to it," Tedjarati said.

Honeywell's business operations in China can be traced back several decades ago. Since China introduced its reform and opening-up policies, Honeywell's investment has been on the fast track to join hands with local Chinese partners in building a connected, smarter, safer, and more sustainable world.

"China has definitely made a lot of strides in opening up its economy" and improving its business climate for foreign investors, said Tedjarati.

China's recent moves such as shortening negative lists for market access and pushing ahead an investment agreement with Europe and other areas of the world "continue to show that China wants to open up," he added.

 

 

Staff members are seen at Bayer HealthCare Company Limited Qidong Branch in Qidong, east China's Jiangsu Province, Dec. 2, 2020. (Xinhua/Zhang Yuwei)

Multinational companies operating in China for a long time and those who have become local as Honeywell did "are part of the local artery of China," he said.

In 2004, Honeywell introduced the strategy of "East for East" in the Chinese market to meet local market demands through local product development and innovation, and the "East to Rest" strategy to bring China-developed innovations to the rest of the world.

Tedjarati said Honeywell will continue to follow its "East for East" and "East to Rest" development strategies, further expand its business presence in China, and join hands with local partners to meet the demands of Chinese businesses and consumers.

Thanks to China's effective measures to bring the COVID-19 pandemic under control, Honeywell began to see its Chinese business become more normalized in the second half of last year, he said.

Meanwhile, the senior executive said he expects that China will lead the way for the company's overall recovery this year.

Honeywell currently operates more than 50 joint ventures or wholly-owned subsidiaries in over 20 Chinese cities.

In 2020, the company established a wholly-owned subsidiary in the central Chinese city of Wuhan as its headquarters for mass-mid segment business in China, one of its latest moves in response to China's growth and development.

 

2021年2月3日,在中国中部的湖北省武汉市,一名外国人在他的中国朋友的帮助下买年货。(新华社/熊奇)


美国工业企业集团霍尼韦尔(Honeywell)全球高增长地区总裁尚恩·泰贾拉蒂(Shane Tedjarati)说,“中国在开放经济和改善外国投资者的商业环境方面无疑取得了很大进展”。


纽约,3月5日(新华社)——霍尼韦尔公司的一名高级主管表示,由于中国强劲的经济增长和不断改善商业环境的努力,长期受外国投资欢迎的中国正变得越来越有吸引力。


在最近的一次采访中,这家美国工业集团的全球高增长地区总裁谢恩·泰贾拉蒂(Shane Tedjarati)告诉新华社,中国经济“非常有活力”,并有巨大的进一步增长潜力。


“沿着这条路,它也将成为一个非常、非常有吸引力的投资市场。在过去30年里,它一直很有吸引力,随着中国决定进一步开放经济,它变得越来越有吸引力。”


目前,中国是霍尼韦尔在美国以外最大的单一市场,也是该公司最重要的增长来源之一。这家跨国公司主要经营四个业务领域:航空航天、建筑技术、性能材料和技术,以及安全和生产力解决方案。

 

Tedjarati表示,霍尼韦尔的核心业务符合中国的市场需求。


这位高管说,当他看中国未来五年的蓝图时,“几乎就像是我们为对方写的一样。”他还说,霍尼韦尔所做的很多事情都非常符合中国的愿景。


Tedjarati说:“我认为,我们真正感到兴奋的领域是电子商务、安全、医疗保健、能效、环境、气候变化,以及所有与之相关的一切。”


霍尼韦尔在中国的业务可以追溯到几十年前。自中国改革开放以来,霍尼韦尔的投资进入了快车道,与中国本土合作伙伴携手建设一个互联、智能、安全、可持续的世界。


Tedjarati说,“中国在开放经济和为外国投资者改善商业环境方面无疑取得了很大进展”。


他补充说,中国近期的举措,如缩短市场准入负面清单,推进与欧洲和世界其他地区的投资协议,“继续表明中国希望开放”。


他说,在中国运营了很长时间的跨国公司,以及像霍尼韦尔这样的本地化公司,“都是中国本土动脉的一部分”。


2004年,霍尼韦尔在中国市场推出了“东方为东方”的战略,通过本土产品开发和创新来满足当地市场的需求,以及“东方为Rest”战略,将中国开发的创新带到世界其他地方。


Tedjarati表示,霍尼韦尔将继续遵循“东方为东方”和“东方为休息”的发展战略,进一步扩大在中国的业务,并与当地合作伙伴携手合作,以满足中国企业和消费者的需求。


由于中方采取有效措施控制疫情,霍尼韦尔在华业务从去年下半年开始步入常态。


与此同时,这位高管说,他预计中国将引领公司今年的整体复苏。


霍尼韦尔目前在中国20多个城市拥有超过50家合资或全资子公司。


2020年,该公司在中国中部城市武汉成立了一家全资子公司,作为其在中国的中大众业务总部,这是该公司为应对中国的增长和发展而采取的最新举措之一。

 

来自: xinhua