Nation seen as 'cornerstone' market for Lubrizol

US-based specialty chemicals company Lubrizol Corp sees massive opportunities in China, positioning the world's second-largest economy as a "cornerstone" of its global innovation strategy and a critical pillar for its worldwide supply chain stability, said a top executive.

China stands as one of the world's largest markets and a powerful innovation engine, driving technological transformation and high-quality development, said Rebecca Liebert, president and CEO of Lubrizol Corp, which is owned by multinational conglomerate Berkshire Hathaway.

"China, one of the most dynamic and strategically important markets for global companies like Lubrizol, has been a cornerstone of the company's global innovation strategy," Liebert said.