SCHINDLER TO EXPAND PRESENCE IN CHINA

  Schindler, noting China's efforts to open its economy, is planning to further expand its network of branches in the country, China Daily reports. The Switzerland-based company recently participated in the China International Import Expo (CIIE), during which it highlighted Schindler Ahead, a preventive-maintenance solution that uses real-time data and artificial intelligence to predict problems before they occur. Daryoush Ziai, CEO, Schindler China, noted conditions are favorable to expand business. "With the CIIE, the Chinese government has showcased its determination to import more into the market," he said. "I foresee that future government policies will encourage us to continue investing and will make it easier to conduct business." Schindler launched its first Chinese joint venture in 1980.