Core Insights - Philips views China as a crucial market, being the second largest globally, and recognizes the importance of understanding its development for future growth [1] - The company has experienced growth in terminal sales in China due to the recovery of consumer spending, which is encouraging for its business prospects [1] - The Chinese market is expected to contribute significantly to Philips' health technology business, projected to account for 20% of global sales in 2024 [1] Group 1: Market Opportunities - The ongoing economic recovery in China is providing significant opportunities for Philips, particularly in the health technology sector [1] - China's rapid advancements in artificial intelligence and the implementation of the "Healthy China 2030" initiative are seen as key drivers for Philips' growth in the region [1][2] - The company is establishing an innovation center in Beijing to enhance its capabilities in China and for global technological breakthroughs [1] Group 2: Collaboration and Innovation - Philips is leveraging China's talent pool and innovation ecosystem to develop applications that support local healthcare while contributing to global advancements [2] - The company has established strong research collaborations with top Chinese universities, hospitals, and industry partners, facilitating the global dissemination of Chinese medical innovations [2] - China's manufacturing capabilities in healthcare, consumer electronics, and automotive sectors are recognized as vital for innovation and economic growth [2] Group 3: Long-term Commitment - Philips expresses confidence in its long-term development in China, marking 40 years of investment in the country [3] - The company aims to invest further in innovation and manufacturing facilities in China, anticipating greater progress in the future [3] - The "Healthy China 2030" initiative provides a clear framework for Philips to expand its operations and meet the growing healthcare demands in the region [3]
“中国现在是,未来仍将是全球重要制造中心”(见证·中国机遇) ——访荷兰皇家飞利浦公司全球首席执行官贾博瑞