Canon pouring more investment in Chinese market

Japanese tech giant Canon Inc is banking on the business-to-business or B2B segment and will continue to increase its investment in the Chinese market, said Howard Ozawa, president and chief executive officer of Canon China.

"The rapid recovery of the Chinese economy has not only given confidence and hope to the global economic recovery, but also stimulated huge domestic demand," Ozawa said, adding rapid development of Chinese enterprises injected fresh vitality in the B2B segment.

Ozawa said the prosperity of the B2B market created more investment opportunities for enterprises and strengthened Canon's confidence in increasing investment in China.

At the same time, he said Canon is also actively seeking change as the company is expanding its B2B business through cooperation with many Chinese companies, and this will provide a huge boost to the company's global business and revenue.

Canon has also contributed to China's carbon peak and carbon neutrality efforts.

"Enterprises are the key players in achieving the dual carbon goals. Canon has integrated the low-carbon development concept into the whole process of its production and operation, and sped up green transformation and upgrading," Ozawa said.

Canon aims to reduce carbon dioxide emissions from its commercial activities to zero by 2050. It has implemented the concept of environmental protection in a green office, design, procurement, production, recycling and logistics, he said.

Ozawa believes environmentally friendly office printing methods will bring new development opportunities to customers, Canon and the whole industry in the coming year.

"We will actively respond to China's dual carbon goals, advocate low-carbon printing and promote development of a circular economy," he said.