Over the past decade, ABB has invested $1 billion in China and opened a new 1,000-square-meter research and development laboratory in Beijing this year, proving that China is very important to ABB. The group will continue to invest in the Chinese market, said Giampiero Frisio, president of ABB’s electrification business, in a recent interview with CGTN.
According to China’s Ministry of Commerce, a total of 42,108 foreign-invested enterprises were newly established in the country in the first nine months of 2024.