Siemens Global Executive Vice President Xiao Song: China is a Key Link in the Global Industry and Supply Chain, Deep | World | Global

Release time:Apr 14, 2024 11:47 AM

"China is the only country in the world that has all industrial categories in the United Nations industrial classification. Thanks to its advantages such as a complete industrial system and huge market space, China is a key link in the global industrial and supply chain, and is crucial for the resilience, safety, and stability of the industrial and supply chain." Xiao Song, Global Executive Vice President and Chairman, President, and CEO of Siemens China, recently stated in a written interview with Economic Daily.

As the world's second largest economy, the largest manufacturing country, and a major trading partner of over 140 countries and regions, China has deeply integrated with the world economy and become an indispensable part of the global industrial and supply chains. Xiao Song said, "It is not realistic to 'decouple and disconnect' from China, which is not beneficial for any country or enterprise."

Xiao Song stated that Siemens was one of the earliest multinational companies to participate in China's modernization process. In recent years, Siemens has continuously increased its investment in the Chinese market and deeply integrated into the Chinese industrial and supply chain system.

In June 2022, Siemens' world's first native digital factory was officially put into operation in Nanjing; In July 2022, Siemens established the Asia Pacific headquarters of the Digital Industry Group's motion control business in Nanjing, and established its Shenzhen R&D Innovation Center for the Digital Industry Group's motion control business in Shenzhen; In October 2022, Siemens officially upgraded its electrical products headquarters in Suzhou to its headquarters in China and East Asia; In June 2023, Siemens invested 1.1 billion yuan to expand the Chengdu Digital Chemical Plant

Xiao Song stated that these series of measures are beneficial practices for Siemens to continuously strengthen its localized value chain and support high-quality development of the Chinese economy. The stable and efficient supply chain system in the Chinese market also plays an important supporting role in the development of Siemens' global business.


Siemens Global Executive Vice President Xiao Song: China is a Key Link in the Global Industry and Supply Chain, Deep | World | Global

What is the attractiveness of the Chinese market to foreign investment? Xiao Song believes that a series of measures taken by China, including expanding the field of foreign investment access, optimizing foreign investment access rules, and issuing the "Several Policy Measures on Promoting the Expansion, Stability, and Quality of Foreign Investment with a Focus on the Manufacturing Industry," have made foreign-funded enterprises like Siemens feel China's determination to continue opening up to the outside world and have high expectations for the company's development prospects in China. "China also has a sound industrial system, profound talent reserves, as well as rich innovative application scenarios and market space, which have laid a good foundation for our development in China," said Xiao Song.

"We believe that the Chinese market has great potential and resilience," Xiao Song said, looking forward to China continuing to leverage its own advantages, creating a more open and inclusive business environment, continuously tapping into market potential, attracting more external high-end resources to accelerate their gathering in China, and injecting vigorous momentum into the high-quality development of the economy.

The picture shows Xiao Song, Global Executive Vice President and Chairman, President, and CEO of Siemens China.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【