He announced a capital increase of 1.1 billion yuan in China and returned to China after two months. Chief Executive | China | Siemens
After just over two months, Siemens AG Chairman, President and CEO Bolleren has returned to China. At the Siemens Digital Economy Forum held in Beijing on June 14, Boleren announced that it would increase its investment in China, including an additional investment of 1.1 billion yuan in fixed assets investment in the Chinese intelligent manufacturing base of Siemens industrial automation products in Chengdu, the establishment of Siemens Digital Technology Co., Ltd., and the launch of the first "Siemens Xcelerator Open".
"Siemens focuses on economic pillar industries such as industry, infrastructure, transportation, and healthcare, all of which are undergoing transformation as some major trends are changing the world." Boloren stated in an interview that global trends such as climate change, urbanization, aging population, and localization are becoming increasingly prominent, and the penetration of digitalization in related fields is deepening. When talking about the Chinese market, Bole Ren emphasized that China's role globally is very important, especially in the global transition to the digital economy.
"Our development strategy is based on market opportunities, and the Chinese market is very attractive." He explained to the company's continued increase in investment in China that China is the world's largest industrial market, with manufacturing value added accounting for nearly 30% of the world's total in 2022. The digital transformation of the industrial sector is rapidly advancing in China. "For many of Siemens' businesses, China is one of the most important markets in the world and growing rapidly. The Chinese market has a strong demand for digital transformation and sustainable development, and Siemens has a comprehensive range of automation, digitalization, low-carbon products and solutions that are in line with the needs of the Chinese market."
In his view, in the Chinese market, the application of digital technology and people's acceptance of it are constantly increasing, and this field has enormous potential. There are approximately 48 million small and medium-sized enterprises in China, all of which have the need for digital transformation, which is attractive to solution providers such as Siemens.
Not long ago, Bolleren also stated in an interview with the Financial Times that Siemens will expand its market share in China, as the Chinese market is crucial for the continuous innovation and growth of this century old store. "Where can we find customers who can take our innovation level to the next level: have high requirements and are looking for new technologies? In many cases, it can only be China."
Dr. Xiao Song, President and CEO of Siemens Greater China, stated at the forum that the platform is a key support for the large-scale implementation of digital transformation. Therefore, the open digital business platform Siemens Xcelerator has emerged.
The vitality of cross-border investment is an important window for observing economic development trends, and Bole Ren's visit to China is the latest example in the recent wave of visits by globally renowned multinational corporations. According to data released by the Ministry of Commerce, the actual amount of foreign investment used nationwide in the first four months of this year was 499.46 billion yuan, a year-on-year increase of 2.2%. The number of newly established foreign-invested enterprises and the actual amount of foreign investment used have shown a stable and positive trend, which strongly proves that opening up China remains a highland for foreign investment.