Global firms foresee fairer biz environment
Q5: As China continues to pursue high-quality development along a Chinese path to modernization, what opportunities do you anticipate for your business as this process gains more traction? Will you increase investment in China in the coming years? How will you further expand your footprint in China?
MA: Volvo Group has been at the forefront of transforming transportation and infrastructure to be more sustainable, safe and efficient, not only in Europe but also around the world. With over 30 years in the Chinese mainland, we've built a unique innovation ecosystem, for instance, for our Volvo Construction Equipment business that blends global expertise with local insights. Our Jinan R&D center is a great example, where we mix global know-how with the needs of the local market to deliver tailored solutions for our diverse clients. Moving forward, Volvo Group will continue to harness our strengths to align global resources with China's innovation and productivity advantages to offer more products and services that are safer, cleaner and more efficient, to support our client's success and the sustainable development of the industry.
YU: TotalEnergies' strategy focuses on two pillars: oil and gas and integrated power, while advancing a multienergy approach. This aligns perfectly with China's path and offers us tremendous growth opportunities across our portfolio. It's worth noting that just recently we underwent an organizational restructuring in China. One of the main objectives of this reorganization was to strengthen our partnerships with local partners and to better leverage China's globally leading supply chain. All these measures demonstrate our confidence and long-term commitment to China. In the coming years, we will redouble our efforts in partnerships, technology co-development and localized solutions to strengthen our position as China's leading energy transition partner.
SHIH: China's commitment to pursuing high-quality development and modernization offers Rockwell great anticipation for our future growth in the local market. The positive signal of further opening-up gives us more confidence in our vision to continue empowering the local market and shaping the future with our local partners. Looking ahead, Rockwell will deepen our concentration on smart industrial parks to enhance the quality and efficiency of research, development, and production of innovations, aligning closely with China's high-quality development process. We will also continue to promote our sustainable ecosystem to accelerate the green transformation of the manufacturing industry. Rockwell also believes that China's open business environment will contribute to more collaboration opportunities. We look forward to deepening our collaboration with local partners to explore opportunities worldwide and support China's high-quality development.
OZAWA: We are delighted to see the Chinese government's ongoing efforts in promoting high-quality development and modernization, which have brought extensive development opportunities for Canon. Canon is well-positioned to play a significant role in China's industrial upgrade. Going forward, Canon will continue to increase its investment in China, provided that Canon China will increase our business year by year. This includes not only expanding R&D capabilities to better meet the innovative demands of the Chinese market, but also strengthening cooperation with local enterprises to jointly promote technological advancements and industrial upgrades, achieving mutual benefits and win-win outcomes.
