Otis puts forward new plan to echo China's urban renewal policies

Judy Marks, chair, CEO, and president of the U.S. elevator company Otis, shared her company's excitement about the future of the Chinese market.

As a returning participant at the China International Import Expo (CIIE), Marks expressed high expectations for this year's event.

"We've already launched multiple products," Marks told CGTN on Wednesday at the expo. "We've brought forward an entire new product plan for modernization and refurbishment that will support the government's urban renewal policy."

Her company has seen the number of units it services in China double over the past 4.5 years.

"It's an attractive market. The service market is growing, and the refurbishment and modernization market is just starting to take off," Marks said. 

She noted that the expo provides an ideal venue for her company to showcase new products and connect with customers, government officials, agents and distributors – all in one place to better cover the Chinese market.

Videographer: Zhao Yuxiang