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China is ABB's second-largest market, with no country-specific revenue being disclosed. The company said it has accumulated a compounded annual growth rate of 20 percent in the country from 2000 to 2018.
China is capable of paying pensioners on time, despite deficits in the endowment insurance funds in some provinces and the pressure brought by a quickly aging population, social security authorities said.
China is taking its computing power to the next level amid intensifying global competition in this field.
China is undergoing a transformation from traditional manufacturing to smart manufacturing. Intelligent manufacturing will help improve production efficiency, increase added value, mitigate rising labor costs, and further enhance the market competitiveness of businesses, which has also created great potential for the development of the health care industry, the company said.
China has the third-largest equity and bond market in the world. Although foreign ownership of Chinese bonds and shares is so far only around 2 percent, analysts expect this to change, following an array of recent policies by the Chinese government that further open China's financial market.
来源：资阳报