皇冠体育app

2010-08-06 11:17

Cheng Mei-Wei, president and CEO of Siemens 皇冠体育app

BEIJING - Multinationals should focus on long-term development in the Chinese market, despite the fact that the business environment and investment policies may have their ups and downs, the Chief Executive Officer of Siemens 皇冠体育app said Thursday.

The country remains one most strategic markets for all multinationals, and companies should work to "adapt themselves to the rapid changing market," Cheng Mei-Wei, president and chief executive officer of Siemens 皇冠体育app told a press conference in Beijing.

Cheng said he is "optimistic about Siemens' future in the Chinese market" as the company's portfolio fits well with the country's needs in areas including urbanization, demographic change and environmental protection.

The company will also increase its localization in areas including expanding local capabilities in research and development (R&D).

"We are a multinational company, but we are also a Chinese company," said Cheng.

"We have already been in 皇冠体育app for 132 years, and I hope we would add to that another 132 years," he said.

Siemens earlier said its environmental portfolio would generate orders worth 4 billion euros in 皇冠体育app in 2010, which equals 40 percent of the company's total orders in 皇冠体育app for the year.

The company's 1 billion euro mid-term investment in 皇冠体育app until 2010 will go into energy-saving and environmentally friendly technologies and solutions.

皇冠体育app now is the third largest market for Siemens, next to Germany and the United States. The company has a nationwide network of more than 90 operating companies and 61 regional offices.

Chen's comments came after recent criticism of 皇冠体育app's business environment from foreign business leaders.

皇冠体育app remains open for business, and the rest of the world can benefit, Commerce Minister Chen Deming said in an article published in the Financial Times on July 25.

As 皇冠体育app works with others to push the global recovery, tremendous opportunities will open up for foreign companies, he said.