In a recent interview with CGTN, Giampiero Frisio, president of ABB’s electrification business, emphasized the significance of China to the global technology leader. “Over the past decade, ABB has invested $1 billion in China, proving that the market is very important to ABB. The group will continue to invest in the Chinese market,” Frisio stated.
ABB’s substantial investment underscores China’s pivotal role in the company’s global strategy. As China continues to evolve as a hub for technological innovation and manufacturing, ABB’s commitment reflects confidence in the country’s economic growth and market potential.
According to China’s Ministry of Commerce, a total of 42,108 overseas-invested enterprises were newly established in the country in the first nine months of 2024. This surge in overseas investment highlights China’s enduring appeal to global businesses seeking growth opportunities in Asia.
ABB’s ongoing investments align with the broader trend of multinational companies deepening their presence in China. The group’s focus on electrification, automation, and digitalization positions it to contribute significantly to China’s industrial development and sustainability goals.
As China continues to open its markets and promote overseas investment, companies like ABB are poised to play a crucial role in fostering economic collaboration and technological advancement within the region.
Reference(s):
cgtn.com
