Execs sanguine on China's manufacturing future

Q3 China's economic policymakers have assured greater efforts to attract foreign capital, widen market access and ensure a level playing field for both domestic and foreign companies. In this context, what new policy measures do you expect from Chinese authorities in the near future?

GEORGE XU: China is transitioning from a population economy to high-quality development, which is a process. Airbus welcomes China's recent guidelines regarding further optimizing the foreign investment environment and intensifying efforts to attract foreign investment. This announcement is a positive signal for foreign companies including Airbus. Airbus will continue to invest in China and cooperate with Chinese stakeholders to jointly promote the high-quality development of China's aviation industry.

PEDRONI: In the future, Bridgestone plans to focus on family channel reinforcement by providing a premium service to consumers. With growing EV sales in China, enhancing EV maintenance capability in our family channel became necessary and Bridgestone aims to support our family channel with suitable training and digital tools. The family channel support shows Bridgestone's confidence in and determination to dedicate itself to the domestic market and expand the replacement market. We are optimistic about the Chinese market. Bridgestone will continue to expand operations in China's dynamic and fast-growing market.

XU YANG: Danfoss is encouraged to see China's efforts to attract foreign capital, especially the recent 24-point guideline by the State Council, which is a loud response to the concerns in the global business community. In August, during the Danish foreign minister's visit to China, the two countries issued a green joint work program, under which they will work closely in areas such as climate, marine, building, water and energy systems, with which Danfoss solutions are highly relevant. We will work with our customers in China to put the work program into action by implementing ready solutions to speed up the green transition in the country.

LOH: In line with the Chinese government's goal to achieve carbon peak and carbon neutrality, Otis remains committed to supporting smarter, greener and safer urban development through more energy-efficient products, and smarter and more efficient service to meet energy conservation goals in the construction sector.

Otis is pioneering digital solutions that include connected elevators, IoT-based service with proactive data analytics for predictive maintenance, advanced video analytics and dispatching systems to maximize passenger transport efficiency.

FUKAISHI: The Chinese government's intensified efforts to attract foreign investment will further stimulate consumer demand and bring about new opportunities for the development of foreign enterprises in the Chinese market. We need to consider how to respond to and satisfy the needs of local consumers. China is increasingly emphasizing green and sustainable development, which is very valuable to Epson. We are looking forward to the Chinese government's new initiatives related to the environment.