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China is the world's largest consumer of raw materials. Analysts believe China's copper demand will continue to grow in the coming years as the country invests vast amounts of money in new infrastructure projects, including green energy projects and electrical grids. The country is also pushing electric cars in an effort to reduce carbon emission. All the above require large amounts of copper products.
China is Thyssenkrupp's largest market in Asia and the company has invested a total of 15 billion yuan in the country.
China is now the world's largest market for internet business, e-commerce, AI and new energy vehicles. These industries are the future trends. Now in China, and only in China, can people live cash free and credit card free. More than half of new energy passenger cars are sold in China. Many startup companies in China are innovating in manufacturing, technology development and new business models of Internet Plus businesses. And many Chinese brands are becoming world-renowned enterprises and blaze the trail for digitalized business. All these endeavors could be a reference for other countries.
China is a very entrepreneurial and competitive market. We have seen that with the right business environment, China's competitive companies can achieve the highest standards of innovation and efficiency. For example, America's entrenched technology monopolies have gone to great lengths to ensure that they do not have to compete with Huawei's phones or WeChat or TikTok.
China has the world's largest population and the second-largest economy. Together with an improvement in living standards, we see an astonishing achievement in the biggest high-speed railway network, the biggest highway network and the largest internet population in the world. China is an important market for Signify. After nearly a century of development, China has become Signify's second homeland. With more than 127 years of innovations, Signify's Philips brand lighting products entered China in 1920s. We established our first joint venture in Shanghai in 1985. Now, Signify's China headquarters and its second-largest R&D center are located in Shanghai.
来源：资阳报