Chair of Otis: GBA Leads New Growth Opportunities | Multinationals on China

By Shi Shi, Li Yinong, SFC, 21st Century Business Herald

Rooted in China and deeply engaged in the Greater Bay Area, foreign-invested enterprises are continuing to expand their presence in the Chinese market, embracing opportunities arising from industrial upgrading and further opening up.

As a global leader in the elevator industry, Otis has been operating in China for more than 40 years. Over the decades, it has consistently increased investment and refined its footprint in the country—sourcing, manufacturing, and serving the domestic market, while also exporting China-designed and China-made products worldwide, actively participating in China’s opening up process.

In an exclusive interview with the SFC, Judy Marks, Chair, President and CEO of Otis Worldwide stated the company remains highly optimistic about the prospects of the Chinese market. She noted that China not only enables companies to accelerate product upgrades and technological advancement, but also offers vast room for business growth. Even amid a slowdown in global economic growth, China’s demand for essential services and its development potential remain strong.

Marks emphasized that Otis will continue to invest in China, leveraging China’s open business environment and market advantages to strengthen its local operations, while promoting cross-border sharing of technology and talent. The company aims to stay deeply rooted in China and grow with the country’s high-quality development.

Chief Producer: Zhao Haijian

Supervising Producer: Shi Shi

Editor: Li Yingliang

Reporter: Shi Shi, Li Yinong 

Video Editor: Li Qun

New Media Coordination: Ding Qingyun, Zeng Tingfang, Lai Xi, Huang Daxun

Overseas Operations Supervising Producer: Huang Yanshu

Overseas Content Coordinator: Huang Zihao

Overseas Operations Editors: Zhuang Huan, Wu Wanjie, Long Lihua, Zheng Quanyi 

Produced by: Southern Finance Media Corp.