Honeywell International : China's premier tells foreign CEOs China will commit to reform, opening up
June 20, 2019 at 12:13 am EDT
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BEIJING (Reuters) - China will maintain its long-standing commitment to reform and opening up, Premier Li Keqiang told a group of visiting foreign chief executives on Thursday, adding that restrictions on access will be relaxed in more areas of the economy.
"We welcome more and more foreign investment to come to China," Li said to a group of 19 business leaders at the Great Hall of the People including CEOs from Honeywell International Inc, Volkswagen AG, Nokia Oyj and Rio Tinto.
"We will also relax (restrictions on) access to even more fields to create a market-oriented, law-based internationalized business environment."
(Reporting by Ryan Woo; Editing by Shri Navaratnam)
Honeywell International Inc. specializes in the manufacturing and marketing of industrial equipment. The group also offers maintenance, technical assistance and engineering services. Net sales break down by family of products as follows:
- aeronautical equipment (37.2%): engines, navigation hardware and software, propulsion and communication systems, satellite and space components, lighting equipment, wheels, etc. The group also offers turbochargers for motor vehicles;
- performance materials and technologies (31.4%): polymers, fibers, resins, acids, additives, catalysts, sorbents, semiconductor packaging materials, coating materials, etc.;
- building automation and control systems (16.4%): heating and ventilation control systems, fire alarms, thermostats, monitoring systems, etc.;
- security and productivity optimization solutions (15%): personal safety equipment, warning systems, gas detection systems, data collection and thermal printing computer solutions, warehouse and supply chain automation systems, data and production process management solutions, etc.
Net sales are distributed geographically as follows: the United States (57%), Europe (22%) and other (21%).
HONEYWELL INTERNATIONAL INC. 
