Focus point: The Siemens booth at CIIE in Shanghai. The German conglomerate has 15 manufacturing facilities in China. — Bloomberg
SHANGHAI: Global investors are eyeing fresh opportunities in China as the world’s second-largest economy accelerates its intelligent, green transformation.
With the seventh China International Import Expo (CIIE) now taking place, multiple industry leaders from across the world are gearing up to showcase their latest innovations and technologies, aiming to tap into China’s vast market potential.
Aptiv, a multinational developing automobile parts, made its debut at the seventh CIIE, exhibiting software and hardware products featuring intelligence and electrification.
“The CIIE provides an excellent platform for enterprises from all over the world to exchange ideas and cooperate,” said Simon Yang, president of Aptiv for China and the Asia Pacific region. He noted that Aptiv hopes to make full use of the CIIE to showcase its solutions.
The company is committed to its long-term development strategy of “In China for China,” and will continue to increase its investment in the Chinese market while expanding business cooperation with Chinese original equipment manufacturers.
Aptiv is one of a number of multinationals gathering in Shanghai to test the pulse of China’s smart-manufacturing market, which plays an important part in the country’s pursuit of high-quality development.
Swedish technology company Hexagon has brought its new solutions to help traditional manufacturers become more digital-savvy to this year’s CIIE, including cloud platforms for industrial software and smart quality-testing systems.
Merck Group, a leading German science and technology company, is showcasing its innovative achievements in the new materials section of the CIIE, which is new to the annual event.
China’s great market potential, improving business environment and rich talent pool have reinforced Merck’s confidence in its long-term investment in the country, said Marc Horn, executive vice-president of Merck and president of Merck China.
Entering its seventh year, CIIE retained its “New Era, Shared Future” theme, which holds special meaning for Christian Bruch, president and chief executive of Siemens Energy AG.
“I strongly agree with the theme, as it envisions a sustainable and more decarbonised future that requires collaborative efforts from governments, enterprises, customers, partners and the entire supply chains,” Bruch said.
In his view, China’s dedication to building a modern energy system creates “extensive market opportunities” for global energy technology companies, including Siemens Energy.
Pledging to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, China has been steadfast in accelerating its energy transition.
Over the past decade, the share of clean energy in the country’s total energy use has increased 10.9 percentage points, according to the National Energy Administration.
Dedicated to promoting clean energy in China, Siemens Energy has established 15 manufacturing facilities across the country and has become an important partner in the country’s energy transition, Bruch said.
At this year’s CIIE, the company is poised to showcase its cutting-edge decarbonisation technologies for the energy sector. Many of its exhibits will be presented for the first time in Asia or China.
“During the expo, I look forward to meeting and exchanging ideas with partners, building consensus and fostering collaborative development,” Bruch said. “Tackling climate change and driving energy transition is a daunting task that no single country or region can accomplish alone.”
Bruch’s emphasis on collaboration aligns with China’s increasing global contributions. According to a white paper issued by China’s State Council Information Office in August this year, the country’s wind power and photovoltaic exports helped other countries reduce their carbon dioxide emissions by about 810 million tonnes in 2023.
Recognising China’s role in the global energy transition, Bruch highlighted Siemens Energy’s confidence in deepening cooperation with its Chinese partners. “We are fully committed to working together to build a new energy ecosystem that supports China’s dual-carbon goals and fosters sustainable energy development worldwide.” — Xinhua
