Working together is particularly important for the two development priorities highlighted by China’s “two sessions” : “digitalization of traditional industries” and “green and low-carbon development.” Both have great potential to promote high-quality economic development.

Decarbonization is a global trend that affects every company, every city, every market, and every country. On the road to low-carbon development, no one can go it alone. We need to work together to find a solution.

So how to deal with climate change and promote carbon reduction? We need to increase renewable resource capacity, improve efficiency and take advantage of new technologies such as hydrogen energy. Another key point is digitalization.

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The Siemens Digital factory in Nanjing, for example, exemplifies how digital technology can help reduce carbon emissions. We carried out the construction of the factory twice. The first is in the digital world, where we optimize the virtual factory in every way until it reaches the desired level. And then we start building factories in the real world.

What was the result? The Nanjing plant has increased production efficiency by 20%, reduced time to market by 20%, reduced carbon emissions by more than 3,300 tons per year, and significantly increased manufacturing flexibility to achieve greater results with less resource consumption.

Digitization is crucial. Siemens is ready to work with its Chinese customers and partners to drive the digitization of its business and operations.

At present, nearly 80% of smes in China are still in the preliminary exploration stage of digital transformation. Our open digital business platform, Siemens Xcelerator, launched last year, will empower businesses to accelerate their digital transformation. Here, businesses can get the software, services, and digitally connected hardware they need to accelerate their transformation. Here, companies can also find partners to support the implementation of transformation solutions. These digital products and services may come from Siemens or from eco-partners. In this ecology, we share, create and win-win.

As a friendly and cooperative partner of China for more than 150 years, Siemens will continue to actively cooperate with China to meet challenges and create a prosperous and bright future together!