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China is the world's second largest aviation market and is growing fast. Safran plans to strengthen its cooperation with China's aviation industry through joint ventures and production subcontracting with major Chinese aviation industry partners.
China is expected to continue playing a stabilizing role for the global economy, with fewer concerns of an economic hard landing and financial risks in the country compared to a year ago, it said.
China is already a leader in green finance.
China is the company's second largest market, behind only the US, Makatsaria said. As China remains a key growth engine globally for Johnson & Johnson, the company hopes that China will overtake the US and become the group's largest income contributor in the near future, he added.
China is taking increasingly tough measures to curb air pollution. Would that have a negative effect on the company's performance?