The 15th Annual Meeting of the New Champions (Summer Davos) of the World Economic Forum (WEF) was held in Dalian from June 25 to 27, bringing together more than 1,600 global leaders from more than 80 countries to discuss how to implement a more sustainable and inclusive global growth model to revitalize the global economy.

Honeywell was once again invited to participate in this global event, under the theme “New Frontiers for Future Growth”, to share experience, contribute wisdom and discuss how to explore new opportunities for economic growth in the complex challenges of the era of globalization.

Jointly discuss new frontiers in development

ACU-01B 3HNA024871-00103 Yu Feng, President of Honeywell China, participated in the “Better Factory equals Better Growth?” Sub-forum and share experiences and perspectives on how the manufacturing industry can continue to achieve future growth.

Remaining front

President of Honeywell China —

“In Honeywell’s view, future growth will be driven more by technological innovation, sustainability and the digitalization and automation of new industrial manufacturing. At the same time, Honeywell advocates the development strategy of “East serves East”, product development and manufacturing based on the Chinese market and customer needs, and patents should remain in China. Most of our products are designed in China, made in China and sold in China. Despite the challenges, Honeywell’s business in China continues to grow, which further strengthens our localization strategy.”

The mainstream media is all over it

During the Summer Davos, Yu Feng, President of Honeywell China, Chai Xiaozhou, Vice President and General Manager of Honeywell Intelligent Industrial Technology Group in China, and Chen Yan, Vice president and general manager of Honeywell Intelligent Building Technology Group in Greater China, expressed their views on energy transition, future aviation, industrial automation, green transformation of the construction industry and other topics, which attracted extensive coverage from many mainstream media:

CCTV Chinese channel

In an interview with China Central Television’s Chinese channel (CCTV 4), Yu Feng said that about 60 percent of Honeywell’s new product research and development is aimed at improving customers’ environmental performance and social benefits, and the company sees great potential for green and low-carbon business development in the Chinese market.

People’s Daily

Yu Feng said in an interview with People’s Daily that Honeywell is committed to combining the three major business development trends of automation, future aviation and energy transformation with the actual development of China, constantly developing products and technologies to meet the needs of Chinese customers, further consolidating the foundation of long-term development in China, and working with Chinese partners to promote industrial upgrading. The size of the Chinese market, the vitality of innovation and the resilience of the economy provide fertile soil for multinational enterprises to develop in China. The development prospects of China in the fields of digital economy and green and low carbon also provide opportunities for the vast number of enterprises. Honeywell will continue to deeply cultivate the Chinese market.

ACU-01B 3HNA024871-00103 Xinhuanet

Xinhua published a report titled “Chai Xiaozhou: Foreign companies should Promote corporate growth with local innovation”. Chai Xiaozhou said that the core element of new quality productivity is scientific and technological innovation. The innovation of foreign companies should be combined with local practices in China, and local innovation should promote the growth of enterprises. China is a multilevel, multi-angle, connected all walks of life of the big market. For enterprises, this contains a lot of opportunities, as long as they can seize the opportunity, combined with the reality of China, provide solutions, and serve a series of growth businesses such as low-carbon, intelligent manufacturing, energy transformation, enterprises can get growth opportunities in it.

China Business News

Chen Yan said in an interview with CBN television that the green transformation of the construction industry is an important part of the green transformation of the whole country. Whether it is the developer, or the operator, including the enterprise factory, first of all, to make a major change in the management concept, from the previous relatively extensive development, to high-quality development. Honeywell is committed to helping customers improve the efficiency, energy consumption, and safety of their building operations.

As a high-tech company serving multiple industries around the world, Honeywell is committed to combining three business trends – automation, future aviation and energy transition – with the development needs of Chinese customers to advance impact-making local innovation. Honeywell will further strengthen its commitment to long-term development in China by continuously developing products and technologies that meet the needs of Chinese customers, leveraging global experience and local innovation, and working with Chinese partners to promote industrial upgrading and help related industries achieve low-carbon, efficient, safe and healthy high-quality sustainable development.