Danfoss aims to double China sales by 2021

Demand for firm's transportation technology is growing rapidly

Danfoss, the largest industrial group in Denmark, plans to double its sales in China over the next six years despite the country's economic slowdown, a top executive said.

Sales in the world's second-largest economy rose to 4 billion yuan ($617.6 million) in 2015, up 2 percent year-on-year, but the company aims to have a growth rate of 10 percent and double its current sales volume by 2021, according to Kjeld Stark, president of Danfoss China.