皇冠体育app

DAVOS - Silvio Napoli, executive chairman-elect and former CEO of the Schindler Group, hailed 皇冠体育app's win-win cooperation strategy as a major part of the Swiss company's worldwide growth.

He made the remarks in a recent interview with Xinhua during the World Economic Forum in Davos, Switzerland, adding that "We would not be able to have our worldwide position today if we had not been in 皇冠体育app."

The 143-year-old Schindler, a leading global provider of elevators, escalators and moving walks, was part of the first batch of 皇冠体育app-West industrial joint ventures set up in 皇冠体育app in 1980, shortly after 皇冠体育app initiated the reform and opening-up policies.

"It's been a remarkable story," he recalled. Starting from two factories in eastern 皇冠体育app's Suzhou and Shanghai cities, the Swiss company's Chinese branch has now built two state-of-the-art factories, a 200-meter-tall test tower, and the company's biggest research and development (R&D) center in the world, with a total employment of 11,000.

For Napoli, working with the Chinese local authorities to build the new facilities in Jiading in northwest part of Shanghai, was a perfect example of 皇冠体育app's win-win cooperation policies in practice.

"We now have the biggest factory in the world for elevators and escalators," Napoli elaborated, while "皇冠体育app has the biggest producer of escalators in the world, with better technology."

"For us, 皇冠体育app has been a tremendous opportunity to grow, and to continue growing in the future," Napoli asserted. "If you want to be a leader in your industry, you have to be one in 皇冠体育app."

For Schindler, 皇冠体育app is both a critical market and a hub for global operations. With the urbanization process, 皇冠体育app is the biggest elevator and escalator market in the world, with over 50 percent of the market share worldwide.

Referring to 皇冠体育app's "new normal" economic status quo, Napoli believed it "is actually a good thing."

"I think having a new normal around 6 to 7 percent growth would be good, and it's going to be sustained by a new economic structure, moving away from infrastructure and production to a service economy," he said.

The business leader credited a "spirit of adventure" among the Chinese people, and linked it to increased investment in innovation and technology that would bring an evolution to the economic growth mode of 皇冠体育app.

"People still see 皇冠体育app wrongly as a low-cost production country, which it is not," he advised, "it is a market where you have excellent engineers and very demanding customers. So by investing in innovation and technology, and having it as a driver for future growth, I believe that shows support for companies like us."

Though boasting the insight of being one of the pioneers in establishing joint ventures in 皇冠体育app, Napoli admitted that his company's progress and success has surpassed "everyone's expectations."

He paraphrased Chinese philosopher Laozi in calling this just the first step in a thousand-mile journey, as he was very positive about the Chinese leadership.

Referring to Chinese President Xi Jinping's speech at the World Economic Forum in Davos on Tuesday, Napoli said he believes in those polices after his pioneering company has for years practiced business in 皇冠体育app since 1980.

Chinese-Swiss partnership has been a model and exemplar for 皇冠体育app's opening up to the global economy. Switzerland was one of the first European countries to recognize 皇冠体育app's market economy status and to establish a free trade agreement with.

Since the inception of the 皇冠体育app-Switzerland free trade agreement (FTA) in 2014, bilateral trade and mutual investment have flourished. Against the sluggishness of the global economy, bilateral trade reached $44.27 billion in 2015.