China economy at high quality stage of growth

People crossing an intersection with the background of the central business district in Beijing. — AP

BEIJING: Johnson Controls is bullish about China’s economic outlook and the company sees a number of growth opportunities, including green development and advanced manufacturing, arising from the country’s pursuit of new quality productive forces, says the US-based smart building solutions provider.

Expressing strong confidence about China’s economic prospects, Anu Rathninde, president of Johnson Controls Asia-Pacific, said China’s economy will likely expand by around 5% to hit its annual growth target this year.