China Daily (USA) - - G20 2016 CHINA -

China’s econ­omy has en­tered a new nor­mal. We are fac­ing some new chal­lenges, such as slower eco­nomic growth, lower in­vest­ment in some in­dus­tries, and ris­ing la­bor costs. thyssenkrupp clearly un­der­stands the chal­lenges come with op­por­tu­ni­ties not only for us, but also for other play­ers in the mar­ket.

To tackle the chal­lenges, we will fol­low mar­ket trends and fo­cus our in­no­va­tion and busi­ness de­vel­op­ment in some im­por­tant sec­tors, such as re­source-ef­fi­cient and eco-friendly tech­nol­ogy, ur­ban mo­bil­ity and smart man­u­fac­tur­ing.

These are also some of the fo­cal points of the 13th Five-Year Plan. China is one of the most im­por­tant strate­gic mar­kets for thyssenkrupp. We have in­vested over 500 mil­lion eu­ros in China in the past five years and will ex­pand in­vest­ments in the fu­ture. We are fully con­fi­dent in the China mar­ket.

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