Global firms foresee fairer biz environment
Q4: Driving domestic consumption is one of the top priorities for China to spur economic growth this year. How do you see China's potential to drive a consumption-led impetus for the economy? How will that affect your company's profitability this year?
MA: We believe logistics development will propel China's consumption-driven economy into high gear. Volvo Group's energy-efficient heavy-duty truck portfolio and digital logistics solutions remain key enablers of this industrial revolution. Last year, government policies accelerated local bond issuance and optimized funding allocation, which in turn boosted infrastructure investment significantly and fueled economic growth. Volvo Group will continue to drive industry transformation through electrification, automation and connectivity, delivering competitive products and integrated solutions to advance high-quality infrastructure development in the country.
YU: China is the world's second-largest consumer market, with immense domestic demand and consumption potential. TotalEnergies aims to leverage this opportunity to supply China with more and cleaner energy products, contributing to the country's green consumption upgrade. In the solar sector, we will develop distributed photovoltaic projects to provide industrial and commercial customers with self-sufficient clean energy at their sites. In the EV sector, we are making substantial investments in building fast-charging infrastructure to further promote the adoption of electric vehicles. Additionally, we are providing cleaner fuels for aviation and maritime sectors in China to reduce carbon emissions and support the green transformation of transportation and logistics. As a global leading LNG supplier, we aim to continue supplying LNG to China through our global resource pool, ensuring energy security and enhancing energy efficiency.
SHIH: Rockwell has noticed significant potential in China's shift toward a consumption-led economic growth model. The Chinese government's focus on boosting domestic consumption through policies such as enhancing the supply side will create new market opportunities. Rockwell aims to drive supply by generating new demand, and we are eager to create new demand through innovations and cross-border collaboration with our partners across the entire industry chain. Rockwell is committed to leveraging our capabilities to address both industrial and social challenges. For example, Rockwell is grafting on the technology that provides at least 50 percent more parking space than traditional vertical parking solutions, which could help drive parking construction and potentially boost vehicle consumption. Our innovative solutions can play a crucial role in helping Chinese manufacturers upgrade their capabilities, better meet market demand and generate a consumption-driven momentum for the economy.
OZAWA: We are confident in China's initiatives to boost domestic consumption, and Canon is eager to participate actively. Government subsidies for consumer electronics and support for the camera market have created new opportunities for the imaging industry, driving Canon's imaging product sales to new heights. We are confident that, with the support of national consumption promotion policies, we can return to the golden era of the camera market. The expansion of the national purchase subsidy program to digital products is welcome news. We look forward to seeing categories such as digital cameras and printers receive subsidy support nationwide. China's focus on consumption-led growth serves as a powerful driver of economic stability and business expansion. We believe these efforts will help improve Canon's profitability this year and contribute to overall economic recovery.
