"China is already the world's largest market for new elevators and escalator installations. It will also not be long before it becomes the largest elevator/escalator service market. It is getting closer to the target."

Tony Black, president of Otis Elevator (China) Investment Co Ltd. China is a major battlefield for foreign and domestic elevator firms because of the rapid pace at which tall buildings are being constructed, he said.

(China Daily European Weekly 12/12/2014 page18)