Foreign firms to see broader market access

A1 During the past 70 years, the "China miracle" is unprecedented and unique in world history. China had an annual growth rate of 9.5 percent between 1978 and 2018. Reform and opening-up have injected strong vitality into China's economic growth.

Honeywell has become an integral part of China's economy. From China's largest petrochemicals project to the maiden flight of the first Chinese-made large passenger plane C919, from the Hong Kong-Zhuhai-Macao Bridge to the first China International Import Expo, Honeywell has been a strong supporter.

A2 China has transformed its economic development model from chasing speed to improving quality in recent years. We believe it has the potential to enjoy further success as the mega trends toward urbanization, mobility and digitization continue.

Honeywell will continue to implement our "East for East, East to Rest" and "Becoming the Chinese Competitor" strategies to develop innovative products, services and software solutions that produce energy efficiency and reliability, safety and comfort, productivity and sustainability. We look forward to continuing to serve our valued customers in China.

A3 Honeywell applauds any efforts to foster technology cooperation across borders and protection for intellectual property rights. We believe the Foreign Investment Law has the potential to boost transparency, build trust and encourage foreign investment in key sectors of China's economy.

With increasing openness and a more energetic business environment, China will play a bigger role in the growth of multinationals like Honeywell.

A4 We are happy to see that Chinese enterprises have made great achievements in innovation, especially in the digital field.

In the future, it is important for Chinese enterprises to focus on management to move up their value chain. Honeywell has accumulated rich experience in management. For example, the Honeywell Excellence System, which is a proved excellent management system based on Lean and Six Sigma, can help Chinese companies improve their performance and competitive edge.

A5 Cutting red tape and enhancing work efficiency is beneficial to the long-term development of China. We would like to see policies that improve productivity and foster transparency as favorable to the business environment in general and good for all companies that do business in and with China.