Royal Philips CEO 'excited' about strength, outlook of Chinese economy

Dutch multinational health technology company Royal Philips is doubling down on its long-term commitment to China, banking on the country's accelerating shift toward smart, digital and sustainable healthcare under the Health China 2030 blueprint and its high-quality development agenda.

"The China market is very important for Philips. It's around 10 percent of our total global revenue," Roy Jakobs, CEO of Royal Philips, said during a recent interview with China Daily. "We are very excited about the strength and the outlook of the Chinese economy."

Despite ongoing global uncertainties and rising geopolitical tensions, Philips remains optimistic about China's economic prospects — betting on opportunities arising from China's aging population, continued healthcare reform and rapidly advancing digital ecosystem to drive sustainable business growth.