Expo seen as boon to global manufacturers

A1 This is the fifth time for Ingersoll Rand to participate in the CIIE. We are a CIIE "veteran". The expo has become one of the most important events on Ingersoll Rand's annual calendar. It is such a great place to connect with our customers and our partners that at every CIIE, we unveil one or more of our most innovative products and technologies to the Chinese market.

As the CIIE has already become a bridge and platform for multinational companies to develop their business in China and for Chinese companies to go global, we believe that the expo will further unleash China's opportunities and demonstrate the huge potential of the Chinese market for foreign investors.

A2 As the COVID-19 pandemic has severely affected the global economy over the past two years, we believe the CIIE will play a vital role for global companies in demonstrating their most innovative products and relevant solutions to the Chinese market, which is also a platform for exhibitors to explore opportunities to team up with trading partners across other countries. This shows China's advocacy for openness and cooperation in the global economy.

By holding the CIIE for five years, China has brought an increasing number of cooperation opportunities for companies and organizations around the world. Thanks to this well-developed platform, more countries have integrated and been connected in the global industrial chain and shared growth opportunities.

A3 After years of development, China has become an engine for global economic growth. For instance, with a complete industrial chain, competitive labor force and well-developed infrastructure facilities, the country has provided solid and reliable support to ensure the operation of the world's supply chain over the past two years. As China continues to upgrade its manufacturing capabilities, it will actively contribute to the world's technological and economic development.

A4 The Chinese market is one of the most important markets for our group. We are currently running a number of manufacturing bases in the country and established an R&D center in Shanghai last year. We will continue to strengthen our innovation capability, work closely with local suppliers and partners, and take practical actions to support China's economic transformation and industrial upgrading.

A5 For us, China's opening-up can contribute to a strong market for the world, as it brings high-quality resources such as capital, information, talent and industrial resources to many countries. China's further opening-up will not only lead to the recovery of the global economy and trade, but also enable its economy to maintain a long-term positive trend.