Multinational firms keen on work report angle

A1 China's 14th Five-Year Plan (2021-25) calls for "further opening-up for win-win cooperation", which demonstrates the country's strong commitment and boosts our confidence in long-term development in the country. With its huge market potential, high-quality industrial development resources and strong business ecosystem, it has created all the favorable conditions for our continuous growth.

I am very proud that China has become Schneider Electric's second-largest market and our global top innovation base, with the largest number of Schneider employees in the world.

A2 The government has put forward detailed plans for "dual carbon "goals, ushering in a critical period of green and low-carbon development for China's economy and society.

At Schneider Electric, the major approaches we recommend to businesses to address the issue include using new energy, improving energy efficiency, electrification and circular economy. Digital technology is key to the formula as it can improve production and energy efficiency, support wider use of new energy, and speed up electrification and the circular economy.

A3 China has proposed a new direction of high-quality development featuring digital economy, green concepts and decarbonization in recent years. This is exactly where Schneider Electric's expertise and strength lie. Our green revenue now accounts for more than 70 percent of total revenue and will reach 80 percent by 2025. In the next stage, we will grow to be more sustainable, digital and locally focused, in order to help Chinese customers improve business resilience and efficiency.

A4 Operating in China for about 35 years, we have built up close partnerships with a growing ecosystem, which includes over 1,100 local distributors and more than 1,600 local suppliers. Our local procurement rate in China has reached over 90 percent, and the highly developed regional "short supply chain" not only benefits Schneider Electric, but also supports the development of many local industries.

A5 China has huge growth potential and a favorable investment environment, and Schneider Electric will stick to the faith and lay deep roots in the land. We have increased investment in several new production lines and R&D powerhouses in Xiamen, Xi'an and Beijing, to provide more green innovative products, digital solutions and consulting services, to meet market demand and support Chinese industries as they transform toward digitalization and sustainability in recent years. China has also become one of Schneider Electric's four R&D bases in the world, and our R&D investment in China has been growing by more than 15 percent per year.