Execs sanguine on China's manufacturing future

China Daily | Updated: 2023-10-31 10:12
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Q2 Are you confident about the Chinese economy over the long run? How would you rate your confidence in the Chinese economy?

GEORGE XU: Airbus is confident in China's huge potential and the Chinese economy in the long run. As a foreign company that has been developing in China for decades, Airbus looks forward to the country expanding its high level of opening-up and creating a business environment that is safe, stable and predictable for foreign companies, which will create more confidence and space for Airbus to develop and invest in China.

PEDRONI: Bridgestone looks forward to the Chinese market growing and will focus on the premium niche area. The strong market demand and booming industrial strength have a positive impact on promoting China's economic development. In addition, the continued growth of electric vehicle sales is also one of the reasons why we are bullish on the Chinese market.

Bridgestone sees strong market potential and business opportunities in China, especially in the EV area in which China is now taking the lead. Having embraced innovation and explored the new energy vehicle industry for many years, Bridgestone will continue to support its partners in China's car manufacturing business.

XU YANG: Danfoss is looking for long-term stamina in China. We are confident in the ongoing green transformation initiatives and are here to stay. Green transformation in energy efficiency, business coupling and electrification will certainly make China's economic growth more sustainable. The Chinese government announced "dual-carbon goals" which have been creating business opportunities for companies that are leading in energy efficiency, renewable and electrification industries.

LOH: We have strong confidence in our business development in China as an important country for global investment. With the principle of "In China, for China and the World", Otis is committed to the Chinese market and will continue to support China's high-quality development. We will continue to invest in future technology with a focus on safety and sustainability to serve domestic and international markets.

FUKAISHI: We are optimistic about the prospects of China's economic development. Epson will continue to expand in the Chinese market and provide more green and innovative products and services for Chinese users.

The rapidly developing wave of digitalization and intelligence in China is unmatched. In the industrial sector, the Chinese government is emphasizing intelligent manufacturing and high-quality development, while in the consumption sector, people have shown rising demand for intelligent and convenient lifestyles. These are opportunities that lead to continuous innovation and development.

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