"China to become Philips' biggest market"
( 2003-11-30 10:16) (Xinhua)
Gerard Kleisterlee, president and CEO of Royal Philips Electronics of the
Netherlands, said on Saturday that his company expects its business volume in
China to reach 12 billion US dollars in four years, and China then will become
the company's largest market.
Kleisterlee said he is confident about his company's rapid development in
China, owing to years of successful operation here.
China is the most important part of Philips' development strategy, and the
company will continue its efficient cooperation with this country, said
Kleisterlee as he concluded a week-long visit to China here Saturday.
Seventeen senior management members of the company had toured a number of
major cities in China.
The giant company's business volume totaled 6.7 billion US dollars in 2002 in
China's mainland, which is now its second- biggest market after the United