Chairman of Siemens China: Digitization and low-carbonization will become the two-wheel drive of China’s economy

China’s emphasis on digital economy and green transformation has made foreign companies see opportunities. Xiao Song, chairman, president and CEO of Siemens China, said in an interview with a reporter from China News Agency recently that more applications and solutions tailored to the needs of the Chinese market will be launched in the future to help small and medium-sized enterprises transform.

According to this year’s government work report, China will vigorously develop the digital economy, accelerate the digital transformation of traditional industries and small and medium-sized enterprises, and focus on improving the level of high-end, intelligent, and green. The report also proposes to promote the clean and efficient use of energy and technology research and development, accelerate the construction of a new energy system, and increase the proportion of renewable energy.

Xiao Song believes that in 2023, digitalization and low-carbonization will continue to be the two-wheel drive for the steady progress of China’s economy. From traditional manufacturing to infrastructure, and even broader industries, digital empowerment will accelerate the transformation and upgrading of many industries and release new vitality for economic development; low-carbon transformation is a historic window for enterprises to actively break through and create. These are also the focus of Siemens’ business in China. In line with China’s future development direction, it means that more market opportunities and space can be obtained.

This is also the consensus of most foreign companies. According to a recent survey conducted by the China Council for the Promotion of International Trade, new industrialization and green low-carbon industries rank first and second respectively among foreign companies’ priority investment directions in China.

At a time when the world economy is generally in a downturn, China holds new opportunities for many foreign companies, including Siemens. Xiao Song said that, on the one hand, since the beginning of this year, the Chinese government has launched a number of measures centered on expanding consumption and increasing investment, releasing positive signals to promote the full recovery of the economy, and market confidence and expectations have increased significantly.

On the other hand, the optimization of epidemic prevention and control policies has made China’s connection with the world smoother and its exchanges with the international market closer. As Chinese companies enter the development window period, foreign companies in China can also obtain new cooperation space.

In Xiao Song’s view, under the joint force of policy guidance, market drive and technology empowerment, China’s economy has shown a trend of stabilization and recovery. “We are full of expectations for the prospects of the Chinese market.”

Siemens is committed to empowering the high-quality development of China’s economy through technology. In June 2022, Siemens’ world’s first native digital factory was officially put into operation in Nanjing. This is Siemens’ largest R&D and manufacturing center outside Germany in the field of motion control. In November of the same year, Siemens Xcelerator, an open digital business platform, launched in China to help Chinese companies of different sizes in the fields of industry, buildings, power grids, and transportation achieve digital transformation.

According to reports, in the near future, Siemens will also launch the online version of SiGREEN, a trusted actuarial and traceability solution for carbon footprints. This version is mainly aimed at small and medium-sized enterprises to improve the carbon footprint transparency of their core production processes and supply chains.

Xiao Song said that more and more Chinese companies are now striving to become world-class companies, which makes Siemens realize that only by further strengthening local innovation and getting closer to local needs can it keep pace with “China speed”. This is why Siemens continues to carry out local research and development in the Chinese market.

He revealed that since the launch of Siemens Xcelerator in China, the number of users has maintained a steady growth, and has obtained the first batch of partners such as JD Technology. At present, the platform has also launched a variety of applications and solutions developed for the needs of the Chinese market, and has received thousands of customer project inquiries, and existing projects have achieved transactions.

Xiao Song said that for Chinese SMEs, rapid digital transformation is no easy task. Barriers such as high investment thresholds and complicated processes often deter small and medium-sized enterprises. In the future, Siemens Xcelerator will continue to launch cloud-based versions of various products and solutions to help small and medium-sized enterprises quickly understand their own digital transformation status and make this transformation process more flexible and efficient.

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