Otis Worldwide (US:OTIS) Ren Min Wang·2025-11-10 02:26Core Insights - The eighth China International Import Expo (CIIE) reflects growing confidence in China's economic growth, with a larger scale this year [1] - Otis has established its largest global R&D center in China, indicating the country's significance in the global elevator market [1] - The aging global population necessitates modernized solutions for elevator updates, aligning with current demographic changes [1] Company Developments - Otis showcased a series of artificial intelligence solutions at the CIIE, including inspection robots designed for high-traffic areas like subways and airports [1] - These AI solutions enhance elevator maintenance by scanning environments and identifying potential risks, thereby improving safety and reliability [1] Industry Trends - China is advancing high-level opening-up policies and optimizing the business environment, which supports urban renewal and smart city initiatives [1] - The focus on sustainable development emphasizes the modernization of existing buildings, with new technologies playing a crucial role in urban renewal and sustainability [1]