ABB Sees China Leading Higher Energy Efficiency Standard

by swisschambei in Engineering / Manufacturing

As China aims to grow its economy by over 6% in 2021, global industrial companies are pinning more hopes on the country’s market to shore up their competitiveness. Among them is ABB Ltd., a Swiss power and automation company. Implementing an “in China, for China and the world” strategy, the firm has put China in the front and center of innovation over the past decade. ABB believes China will reach its 2060 carbon neutrality goal by taking the innovation and technology route. CGTN’s Michael Wang spoke with Morten Wierod, president of motion business at ABB, on the changes he has witnessed and the outlook for China’s industrial landscape. Morten Wierod stated “Overall we’re doing very well in the Chinese market, not only as ABB, but also as moreover motion business, with a good growth in the forth quarter more than 20 percent for the overall business. So, there we see that the trend of higher energy efficiency and the need for productivity. This is driving our business and makes us very optimistic about the future, as we see great growth potential in China for this industry in the general, and for ABB in special.”

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