Honeywell’s Chairman and CEO, David Cote
, recently met with business and government leaders at the 7th Annual China Business Conference to discuss the relationship between the world’s two largest economies; the United States and China. The U.S. Chamber and the American Chamber of Commerce
in China co-hosted the forum, which featured influencers such as Bloomberg LLP Co-Founder and President and former New York Mayor Michael Bloomberg, former Secretary of State Madeleine Albright, senior U.S. policymakers, thought leaders, and other executives managing business with China.
Cote participated in the dialog of “Competing in China through Innovation” during an interview with Myron Brilliant, Executive Vice President and Head of International Affairs for the U.S. Chamber of Commerce. Cote discussed the importance of American business in China and how Honeywell’s mindset of “Becoming the Chinese Competitor” guides the Company in leveraging its global innovation capabilities to beat Chinese companies in the China market. Honeywell’s global operations provides the flexibility to adapt to changes in the local market and keep up with the evolution of the Chinese economy.
During the conference, Brilliant stated he believes the U.S.-China relationship is “too big to fail” and there is too much at stake for the two countries to avoid solving problems. It is important for both sides to deepen economic ties prior to political transitions in both countries. “Our countries, our governments, our stakeholders can manage through areas of disagreement, but we have to redouble our efforts going forward to resolve these issues at a time when the world is looking for China and the U.S. to collaborate wherever possible on global, regional and bilateral issues.”