Global Manufacturing Giants Back ChinaÕs Industrial Evolution

by swisscham in Engineering, Manufacturing

There is a factory in southwest ChinaÕs Chengdu City, which, should you want to visit, has a one month waiting list.The attraction? A successful realization of ChinaÕs ambitious industrial evolution plan ÒMade in China 2025.ÓItleads an expected result: exceptional levels of productivity and quality. ChinaÕs government understands that multinational companies have the potential to play a vital role in the renewal of its economy, but multinationals must also understand that China needs reliable partners, partners who think long term and do not sidestep the challenges ahead, CEO of Siemens pointed out. Many foreign manufacturers rushed to open factories in China, to capitalize on the cost effectiveness of ÒMade-in-China.Ó With China well on track to boost its global competitiveness through ÒMade in China 2025,Ó the widespread application of digital technology could further accelerate progress in energy efficiency and productivity, according to ABB CEO, Ulrich Spiesshofer. ÒFew countries are better positioned than China to embrace the digital revolution with the worldÕs most Internet users, largest digital retail market and most machine-to-machine mobile connectionsÓ, Mr. Spiesshofer added. He also said that ÓThe challenge is to integrate Chinese enterprises into the digital economy by connecting their robots, machines and plants to the industrial Internet and we could provide such information as well as digital know-howÓ.

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