Honeywell China President Yu Feng said that China’s market scale, resilience, and innovation vitality provide a solid foundation for multinational companies. China’s strong momentum in technological innovation, the digital economy, and low-carbon development is creating significant opportunities for businesses, and Honeywell remains highly confident in its long-term growth in the country.

2025 marks the 90th year of Honeywell’s presence in China. Yu noted that China is not only strategically important due to its large market size, but has also become a key global engine for technological innovation and green development, playing an increasingly vital role in industrial upgrading and sustainable transformation.

He stated that Honeywell’s long-term development in China has benefited from the country’s vast market opportunities, supportive innovation ecosystem, and strong government backing. The company hopes to see further improvements in the foreign investment environment, particularly in areas such as intellectual property protection, market access, and tax incentives. It also expects more supportive policies for emerging sectors including sustainable aviation fuel, energy storage, and hydrogen technologies.

Yu Feng highlighted that China’s semiconductor, shipbuilding, new energy, energy storage, life sciences, and infrastructure sectors all demonstrate strong growth potential. Honeywell will continue to develop products and solutions tailored to Chinese customers, leveraging global expertise and local innovation. The company aims to work closely with Chinese partners to support industrial upgrading and contribute to low-carbon, efficient, safe, and sustainable development across key industries.