Unleashing new quality productive forces

Q4 China is stepping up efforts to promote high-end manufacturing, the digital economy, and upgraded services. In this context, is your company planning to increase investments, establish new partnerships, or expand R&D capabilities in China? What are the core objectives of your long-term strategy in the Chinese market?

AN: We recognize China's strong commitment to new quality productive forces, and Henkel has greatly benefited from the rapid growth of key sectors such as automotive, consumer goods, and electronics. As a result, we have continuously strengthened our presence in China, increasing investments in innovation, production, and supply chains to enhance our end-to-end capabilities.

In May, we opened a new Application Engineering Center in Shanghai to drive rapid technological advancement. The center will accelerate innovation and transformation across key industries such as new energy vehicles, rail transit, aviation and metal packaging. Moreover, our world's second-largest Inspiration Center for Adhesive Technologies is set to launch this year, which will further enable us to accelerate the speed and depth of our innovations in China for China and the broader Asia-Pacific region. Looking ahead, we will continue to invest in innovation and sustainability, deepen collaboration with local partners, and explore cutting-edge solutions to meet evolving market demands — contributing to long-term, high-quality growth.

XU: China is shifting from high-speed growth to high-quality development. Bosch remains firmly committed to the Chinese market, focusing on promising growth areas such as new energy vehicles, smart mobility, hydrogen, software, and artificial intelligence. In support of this, Bosch invested 11.9 billion yuan in R&D in China in 2024 alone. Over the past decade, our total investment in the country has exceeded 60 billion yuan.

To better serve customers in this dynamic market, Bosch continues to enhance its local manufacturing and R&D capabilities. Earlier this year, Bosch also established a joint venture with Jiangling Motors Corporation Group in Nanchang, Jiangxi province, to develop and manufacture eAxle systems for light-duty commercial vehicles.

We are also actively working with local partners to deliver solutions tailored to the Chinese market. A recent example is Bosch's collaboration with Horizon Robotics in the field of intelligent mobility. Bosch will develop and produce a new multi-purpose camera and ADAS product family for the midrange segment, based on the Journey 6 series chips of Horizon Robotics.

KOH: FedEx considers China as an important market in our global strategy. As China drives economic growth through improvements in high-end manufacturing, the digital economy and upgraded services, FedEx is confident in the market's potential and will continue to connect our Chinese customers with the global market.

We will further expand and enhance our logistics network across China by investing in infrastructure, providing customized solutions, and extending our reach to second- and third-tier cities.

We will harness innovative technologies such as big data and artificial intelligence to develop sustainable and smart logistics solutions, while empowering the high-quality upgrade of the logistics sector and making supply chains smarter for everyone.

In the meantime, FedEx will continue to pioneer in sustainable logistics, creating opportunities and positive impacts for our customers in the Chinese market, while growing its business and striving to achieve carbon neutrality and sustainable development.

CUI: At Aveva, we remain deeply committed to the Chinese market and firmly believe in long-term development here. Guided by our "In China, For China" strategy, we continue to strengthen our local R&D capabilities and business footprint to better serve the evolving needs of Chinese industries.

Recently, one of our legal entities in China — Telvent — was officially recognized as a Beijing foreign-funded R&D center. This recognition is a strong endorsement of our ongoing innovation and breakthroughs in the industrial software space.

As China continues to advance high-level opening-up and high-quality development, foreign-funded R&D centers are becoming a key pillar of multinational companies' localization strategies. Aveva will continue to increase investment in China, leverage local strengths, and drive industrial transformation through technological innovation.