China must compete on skill, not cost

It will require applying the most effective technologies at both speed and scale. That is why we will continue to strengthen our understanding of the local markets and customers, as well as deepening our channels and sales.

Honeywell has a unique growth strategy — "East-for-East" — in China, leveraging leading global strength and rich experiences in fields of energy-saving, environmental protection, and safety and security, to help the Chinese government and local enterprises to realize the transformation and achieve sustainable growth in a more intelligent way.

Chinese companies have been looking at the US for investment opportunities as they increase their global footprint. What cultural and social issues do they face, and how would you deal with those issues?

The ability to get the US and China working together to solve the world's problems and develop peaceful commercial ties between the countries continues to be hugely important.

If we can get the two biggest economies working well, it adds to the prosperity for everyone.

Chinese companies must become localized in the US, just as American companies need to become localized to be successful in China.