Execs sanguine on China's manufacturing future

Q4 As China continues to pursue high-quality development through a homegrown path to modernization, what is the vision for your company's business in the country over the long run? What business opportunities do you foresee emerging as part of the process of Chinese modernization?

GEORGE XU: With the booming demand for air transport globally, Airbus will focus on its industrial ramp up and China will no doubt become an indispensable contributor to this process. Decarbonization will lead to the sustainable development of the Chinese aviation industry. Airbus will work with airlines and industry partners to achieve the dual carbon goals by using sustainable aviation fuel and leveraging local efforts from the Airbus Beijing Engineering Center, Airbus China Innovation Center in Shenzhen and Airbus China R&D Center in Suzhou.

PEDRONI: Bridgestone is shifting from volume to value by increasing productivity, such as investment, increasing its production of premium tires, maximizing production capacity in existing plants for premium tires, driving green and smart operations and more. We see strong market potential and business opportunities in China, especially in the EV industry, in which China takes the lead. Focusing on innovation and the new energy vehicle industry for years, Bridgestone continues to support its partners in China's automotive manufacturing business.

XU YANG: Green and low-carbon economic transformation is a key part of China's high-quality development. The main purpose of Danfoss' innovative solutions is to help improve development quality and efficiency, which is a perfect match with China's priorities.

With China's firm dedication to green growth, we have high hopes that our energy efficiency and electrification businesses in China will keep growing, and we've made an ambitious growth plan in China that we are very confident to achieve.

LOH: China's unwavering determination to expand high-level opening-up has been declared many times, which deeply encourages and motivates Otis. Otis will continue to expand its business in this market and pay close attention to the policies of the Chinese government that support the development of foreign companies in the country and attract more global capital.

Urban renewal calls for the upgrade of old buildings and public infrastructure, including their elevators and escalators. These high-quality development engines underscore areas Otis can support.

FUKAISHI: From the business development perspective, the Chinese market has strong vitality and innovation. Whether on the consumer or commercial side, there is constant demand in China, and there will be a lot of new business models and new technologies coming in, giving us more stimulus to optimize our products, solutions and services. For example, we launched customized home projectors for the Chinese market, which is based on the unique needs of Chinese consumers in collaboration with our Japanese team.