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.
