Emerson praises nation's innovation-driven economy

GUANGZHOU - China is an important innovation base for the Emerson Electric Co and Edward L. Monser, president of the Fortune 500 corporation.

Established in 1890, the US-based multinational manufactures products and provides engineering services for a wide range of markets.

Monser has served as president since 2010 and pointed out that about one-third of more than 1,800 patents awarded to Emerson employees globally last year were generated in China.