Honeywell(US:HON) Zhong Guo Jing Ying Bao·2025-09-26 08:32Core Insights - The article discusses the progress of China's carbon reduction efforts over the past five years and the opportunities it presents for foreign companies like Honeywell in the context of the "dual carbon" goals [1][2]. Industry Progress - China has become one of the fastest countries in the world to reduce energy intensity, with a reported decrease of 11.6% over the first four years of the 14th Five-Year Plan, and a projected 3.8% decrease in energy intensity for 2024 [1]. - The share of coal consumption is expected to drop from 56.8% in 2020 to 53.2% in 2024, while the share of non-fossil energy consumption is projected to rise from 15.9% to 19.8% [2]. - By 2024, over 97% of newly constructed urban buildings in China will be green buildings, with more than 66% of existing urban buildings being energy-efficient [2]. Opportunities for Foreign Investment - The scale, resilience, and innovative capacity of the Chinese market provide a solid foundation for multinational companies, with significant opportunities in technology innovation, digital economy, and low-carbon development [2][3]. - Honeywell sees the "dual carbon" goals as a driving force for economic high-quality development and a catalyst for green transformation across various industries, including aviation, construction, and manufacturing [2]. Company Strategy and Development - Honeywell has been operating in China for 90 years and plans to continue local innovation to support China's high-quality development and green transformation [1][3]. - The company emphasizes the importance of optimizing the foreign investment environment, particularly in areas such as intellectual property protection, market access, and tax incentives [3]. - Honeywell has established a systematic approach to talent development in China, with a majority of its executives being local talents and a comprehensive training system in place [5].