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28.03.26 - 05:06
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As China′s property downturn grinds on, foreign suppliers strive to adapt (SCMP)
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As China's property downturn drags on, foreign companies in downstream industries are revamping their business models to cope with a decline in new construction projects, but the country's stable policy environment is helping to ease the transition, according to an executive at a leading US supplier.
Lift giant Otis is looking for new growth momentum in China's government-led urban renewal drive, which includes a push to install or upgrade lift systems in ageing apartment buildings, said Judy......
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