Honey­well, big sup­plier to Belt and Road Ini­tia­tive

China Daily (USA) - - BUSINESS - ByWANG ZHUOQIONG wangzhuo­qiong@ chinadaily.com.cn

Edi­tor’s note: Three years ago, Pres­i­dent Xi Jin­ping launched China’s am­bi­tious Belt and Road Ini­tia­tive, to link vast tran­scon­ti­nen­tal swathes with a com­mon eco­nomic thread. The ini­tia­tive brought un­prece­dented op­por­tu­ni­ties to com­pa­nies world­wide to ex­pand their busi­ness and ac­cess new mar­kets. China Daily presents a se­ries of in­ter­views with top ex­ec­u­tives of for­eign com­pa­nies, look­ing at the im­pact of the ini­tia­tive on their op­er­a­tions as well as mar­kets. In this edi­tion, Stephen Shang, Honey­well China CEO, tells how the US-based tech­nol­ogy con­glom­er­ate ex­plore op­por­tu­ni­ties in emerg­ing mar­kets to sup­port the ini­tia­tive.

Honey­well In­ter­na­tional Inc, the US-based man­u­fac­tur­ing and tech­nol­ogy con­glom­er­ate, said it has­been­part­ner­ing with lead­ing Chi­nese com­pa­nies to ex­plore in­fra­struc­ture de­vel­op­ment and other op­por­tu­ni­ties in emerg­ing mar­kets, to sup­port the coun­try’s Belt and Road Ini­tia­tive.

Honey­well China CEO Stephen Shang said his group­was well-po­si­tioned to sup­port the Belt and Road Ini­tia­tive through its China strat­egy and port­fo­lio.

China and Cen­tral Asian coun­tries have pro­posed build­ing an eco­nomic belt along the Silk Road, a tran­sEurasian project span­ning the Pa­cific Ocean to the Baltic Sea.

In 2009 Honey­well was se­lected by smart­phone group Huawei— which is also a lead­ing Chi­nese tele­coms sys­tems providerandEPC­man­age­ment com­pany — as its au­to­ma­tion provider to sup­port the Uzbek­istan-China Gas Pipe­line Line Project. It was se­lected again in 2012 for Huawei’s Line C growth Project, which is a pipe­line project sup­ply­ing nat­u­ral gas from Cen­tralAsia to China.

Honey­well and the China In­ter­na­tional Con­trac­tors As­so­ci­a­tion jointly hosted a high pro­file meet­ing in June with more than 20 lead­ing Chi­nese en­gi­neer­ing pro­cure­ment and con­struc­tion con­trac­tors dur­ing the 7th In­ter­na­tional In­fra­struc­ture In­vest­ment and Con­struc­tion Fo­rum in­Ma­cao.

The event show­cased sup­port for the ini­tia­tive that aims to build co­op­er­a­tion among ASEAN, Cen­tral Asian and Euro­pean coun­tries or re­gions to re­di­rect China’s over­ca­pac­ity and cap­i­tal to­ward de­vel­op­ment of re­gional in­fra­struc­ture and im­prove­ments of trade and re­la­tions.

With 23 branches and over 32,000 lo­cal staff in the coun­tries along the “silk road”, Shang said Honey­well was fully pre­pared to con­trib­ute fur­ther to the ini­tia­tive to ben­e­fit peo­ple and liveli­hood in the re­gion.

Honey­well said it is pos­i­tive about the Chi­nese econ­omy.

“For a long time to come China will con­tinue to be the es­sen­tial source of (global) growth,” Shang said. “We need to pay close at­ten­tion to China’s long-term macro trends and growth prospects while man­ag­ing the short-term im­pact of its slow­down.”

In 2013 China be­came Honey­well’s big­gest mar­ket out­side of the United States for the first time. China is now the sin­gle largest con­trib­u­tor to its growth.

Honey­well’s lo­cal staff in the coun­tries along the “silk road”

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