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Swiss tech giant ABB Group is doubling down on its commitment to the Chinese market, announcing plans to ramp up investments after pumping over $1 billion into the country in the last decade.
\"China will continue to be important for us,\" declared Giampiero Frisio, president of ABB's electrification division, in an interview with CGTN. His statement comes as 42,108 new foreign-invested companies set up shop in China during the first three quarters of 2024 alone, per China's Ministry of Commerce.
Why the buzz? China's massive push for sustainable tech and smart manufacturing aligns perfectly with ABB's expertise in automation and electrification. The move signals confidence in Asia's largest economy despite global market uncertainties.
NewspaperAmigo – Your Global News Buddy 
China's massive push for sustainable tech and smart manufacturing aligns perfectly with ABB's expertise in automation and electrification. The move signals confidence in Asia's largest economy despite global market uncertainties.
