At Philips, we believe technology can be advanced and simple at the same time. Technology that makes sense and is easy to experience. With us, your thinking and ideas can have a positive impact on people all over the globe. At Philips, you'll touch lives every day. Philips put down its first roots in China in the 1920' s and formed our initial joint venture in China in 1985. Now, Philips has expanded to become one of the largest industrial investors in the country. China 2004 total activity is about USD 9 billion. Philips now counts 35 joint ventures and wholly-owned enterprises, employing around 20,000 employees nationwide. In the future we will see more opportunities for growth and development in this unique partnership. Together we can build a splendid future for China..