Continued Urbanisation Counters Slowdown Argument

Patrick Blethon, President of South Asia Pacific , United Technologies Corp, Building & Industrial Systems isn't worried about China's slowdown affecting business. Asian countries continue to see urbanisation at a rapid rate. This will drive demand for UTC's lifts, air-conditioners and security systems. The company's results have been good and no pick-up in bad debts, a reflection of economic health, has been seen.