From China to the rest of the world, the economic and industrial landscape is undergoing profound changes. On the one hand, global supply chains are being reshaped. On the other hand, China’s economy is undergoing a transition from high-speed growth to high-quality development. In the industrial field, local enterprises have developed rapidly and become an important force affecting market competition.

In an era when uncertainty is the norm, how can companies find more certainty?

Just this morning, Dr. Xiao Song and a number of industry leaders gathered in Nanjing, launched a wonderful “Sino-German industry leaders Summit Dialogue” in the collision of views and ideas.

This dialogue is an important part of the Phoenix Electric Innovation and Industry Development Forum and the 100th anniversary of Phoenix Electric Group / 30th anniversary of Chinese companies. In addition to Dr. Xiao Song, the moderators and guests participating in the dialogue include: Lin Xueping (Moderator, first from left), General Manager of Beijing Lianxun Power Consulting Co., LTD., global industry observer; Chu Jian (third from left), founder of Zhongkong Technology Group and Lanzhuo Digital Technology Co., LTD. Wu Gang (second from right), chairman of Goldwind Technology; Gu Jiantang (first from right), member of the Executive Committee of Phoenix Electric Group and President of Phoenix Electric China.

Dr. Xiao Song shares his views on the Chinese market and industrial transformation.

The following is an excerpt from Dr. Xiao Song’s opinion

How to view the global market changes?

At present, we have entered a different era, the era of transition from globalization to Glocalization. National supply chain layout is shifting from cost and efficiency priority to the pursuit of efficiency and security balance.

China is the world’s second largest economy, the largest manufacturing country, and the only country in the world with all the industrial categories listed in the United Nations industrial classification. China’s supply chain system still has great potential and resilience.

In order to continue to enhance the attractiveness of the Chinese market, we need to enhance the confidence and confidence of enterprises. On the one hand, do their own things well, continue to make the “cake” of the market bigger; On the other hand, we will further improve the business environment, provide fair competition opportunities for all types of business entities, and stimulate market vitality.

How can Siemens strengthen its presence in China?

In the course of more than 150 years, Siemens has experienced different historical stages of China’s development, and has enough patience and determination to go through different cycles.

Siemens has always believed that openness and cooperation lead to development and prosperity. Therefore, we are determined to do what we think is right. Even during the epidemic, Siemens did not slow down its development in China.

At present, digitalization and low-carbon are becoming the “two-wheel drive” for the high-quality development of Chinese industries. However, digital transformation is not easy to find a direction, and low-carbon is not easy to return quickly. But every challenge means new opportunities. With innovative technologies and open platforms, Siemens has injected new momentum into the transformation and upgrading of China’s industries.

For example, through the Zero Carbon Pioneer Program, we not only promote carbon reduction in our own operations in China, but also strive to help more than 500 key suppliers and more than 10,000 customers accelerate carbon reduction by 2025, and jointly build a green industrial system. In addition, Siemens Xcelerator, an open digital business platform, has landed in China, empowering enterprises of different industries and different sizes to make their digital transformation easier, faster and more conducive to large-scale landing.

How do you view the competition with local companies?

Competition creates incentives. A healthy competitive relationship is the driving force for the development of the industry, and any industry needs strong peers.

Siemens is active in the face of competition, and we learn from and promote each other and grow together with our excellent Chinese counterparts.

On the one hand, we strengthen local innovation and local decision-making, “keep pace with China’s speed”, and better meet the needs of local customers. On the other hand, we are also strengthening cooperation with local Chinese enterprises to create an innovation ecology, share resources, create value, and win-win future.