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Honeywell has a significant—and expanding—presence in China. But managing a treasury function there requires creative thinking. “China is a very unique market,” says Lawrence Chang, China treasury manager for Honeywell. “Its banking system is different from those of other countries. We have to understand the banks’ mind-set and find a mutually beneficial way to enlist their cooperation, while at the same time controlling risk.”

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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