SHAPING COOPETITION
During his icebreaking visit to China in 1972, U.S. President Richard Nixon was invited by Chinese leaders to recommend the best American enterprises from 10 sectors to drive economic exchanges between the two countries. Honeywell UOP, a supplier and licenser of petroleum refining solutions operated by technology and manufacturing giant Honeywell International Inc., was the only company in its field named by Nixon.
“Thanks to the economic cooperation and exchanges between China and the United States, Honeywell has been participating in China’s economic development and promoting technological innovation and industrial upgrading together with our Chinese partners,” Steven Lien, President of Honeywell Aerospace Asia Pacific, told Beijing Review.
According to Lien, Honeywell moved its Asia-Pacific headquarters to Shanghai in 2003, subsequently established the company’s largest research and development (R&D) 500 company to set up a subsidiary in the city that year.
