Multinational execs bullish on two sessions
Q2 "New quality productive forces" is widely seen as key to helping China achieve industrial upgrade and "high-quality development". How can your company help cultivate such forces in China?
XIA: Innovation and green transformation are at the heart of China's high-quality development. With Evonik's latest innovative and sustainable solutions, we are helping to promote a green and low-carbon economy and contribute expertise to industrial upgrade. We have been enhancing product supply and reducing time-to-market, and continuously strengthening our R&D capabilities in specific technologies to support strategic emerging industries including electric vehicles, renewable energy and healthcare. We have established joint development laboratories and R&D strategic cooperation in China in sectors such as high-performance materials, oil additives and personal care products. These partnerships bring win-win results for both Evonik and domestic industries by driving innovation and accelerating market application.
MACHADO: Our pursuit of sustainable development through innovation well echoes the "new quality productive forces". We are committed to supporting China's industrial upgrade and high-quality development, with a focus on providing high-quality, renewable products that can serve multiple different industries, ranging from paper, packaging, hygiene, textile, fashion, energy and others, enabling downstream industries to innovate and grow with a lower carbon footprint. Some examples are our Ecolig lignin for the elastomer industry, the use of cellulosic fiber in the textile industry, replacing long fibers with Suzano's hardwood fibers in tissues, hygiene, packaging, paper, and fiber cement. These all enable the replacement of fossil-based materials, resulting in a lower final carbon footprint from end products.
OTRANTO: Fortescue and China share a strong track record of innovation, which is the basis for a continued beneficial partnership in the future. The biggest opportunity we see is working together to build a fully integrated green metal supply chain between Australia and China. This has the potential to provide massive economic and environmental value to both our countries by bringing together green sustainable mining, large-scale renewable power and green hydrogen to produce green iron metal.
DING: China's economy is at a crucial stage of high-quality development, with its manufacturing sector rapidly transforming. Material science, 3M's core competency, is the cornerstone that enables new technologies, business models and industries, and plays a key role in overcoming technological bottlenecks and fostering new productive forces. For over four decades, 3M has grown alongside China's economic development, continuously advancing R&D in materials and application solutions to help industries reduce costs and enhance efficiency. Looking ahead, 3M will strengthen local R&D and expand collaborative innovation with industry partners to provide expertise and solutions.
