Canon eyes China for new growth prospects

Japanese camera and imaging equipment maker Canon Inc will increase its investment in China and accelerate localization efforts by strengthening cooperation with Chinese partners in the fields of big data, cloud computing and artificial intelligence, in a bid to unlock further business potential.

"China has become one of our most important markets around the world, and we always attach great importance to our development here," said Howard Ozawa, executive vice-president of Canon and the president and CEO of Canon China.

He said the Chinese market, which still shows huge growth potential, contributed the most in Canon's product sales among all the countries and regions in Asia. For instance, the sales of digital cameras in China topped the list worldwide in the January-June period this year.