6.18.2014

Too Long for a Tweet, Too Short for a Blog Post III


United Technology Otis Elevator Here's an excerpt from a magazine article I just read: "How United Technologies Became a Top Gun," Fortune (June 16, 2014).

"When it comes to elevators and escalators, China boasts what may be the most extraordinary market for any single product line on the planet. Chinese developers and government agencies are buying 550,000 elevators and escalators of the 850,000 sold around the globe, or two units out of every three. That compares with a total of around 20,000 in the U.S. Now at $15 billion, the market for elevators in China has been expanding at 20% a year for a decade. The driver is China’s rapid urbanization. Between 15 million and 20 million people are moving from rural areas to cities each year."


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