Siemens Global Executive Vice President Xiao Song: China's market with various unique advantages bring opportunities for the development of foreign enterprises in China.

Siemens Global Executive Vice President Xiao Song recently said in an interview with reporters that the breadth of China's industrial sectors, the depth of its manufacturing system, the speed of technological innovation, and its open attitude towards new technologies constitute the unique advantages of the Chinese market, bringing opportunities for foreign companies such as Siemens to develop their business in China. In Xiao Song's view, it is relying on China's full range of industrial categories and manufacturing scale, coupled with the rapid development of China's innovation ecosystem and its open attitude towards new technologies, that Siemens' new products have achieved an "acceleration." "At the first Siemens Technology Conference we held recently, we released 26 new products developed by Chinese teams, with the development of the SENTRON 3VD DC circuit breaker taking only 9 months, cutting the conventional development cycle in half," he said.