That sinking feeling: As China slows, so does Otis Elevator

HARTFORD — Otis elevator, which rose with China’s strengthening economy, now faces declining revenue as the world’s second-largest economy slows.
Parent company United Technologies Corp. has said for years that increasing urbanization in China will be key to growth in elevator sales and maintenance as high-rise buildings soar in China’s cities.
Otis, which is based in Farmington, also faces rising competition and shrinking market share in China.
Otis executives declined t