Canon sees pretty picture in China mkt

Japanese tech company Canon Inc. Japanese tech company Canon Inc will intensify efforts to ramp up its investment in fields covering research and development, production and sales in China under stable circumstances, and launch products and services that meet the diverse and personalized needs of local consumers so as to further tap the immense potential of the Chinese market, said a senior company executive. "Our strategic focus here is to deepen ties with the local market through innovation and cooperation while actively contributing to China's sustainable development goals," said Hideki Ozawa, executive vice-president of Canon, and president and CEO of Canon China, in an interview with China Daily. Ozawa said Canon will double down on localized R&D, with a key focus on "creating a production and supply ecosystem that's better aligned with local needs", while providing products and solutions for the Chinese market through combining cutting-edge technologies such as big data, cloud computing and artificial intelligence. As for the 7th China International Import Expo being held in Shanghai from Tuesday to Sunday, Ozawa said Canon has participated in the CIIE for seven consecutive years since it started, and the company is focusing on the healthcare sector this year, showcasing an array of new and cutting-edge medical equipment.