Execs sanguine on China's manufacturing future

Q5 Could you share with us one or two of your successful business or personal stories in the process of growing with China?

GEORGE XU: Airbus Tianjin is an example of Airbus' growth with China, with 2023 marking the 15th anniversary of the A320 final assembly line. Since its inauguration in 2008, Airbus Tianjin has assembled and delivered more than 630 A320 family aircraft. Airbus announced plans to expand the capability of the facility to A321 production in 2021, and the first A321 assembled in Tianjin was delivered in March 2023. In April 2023, Airbus announced its plan to expand the A320 family final assembly capacity with a second line at its Tianjin site.

PEDRONI: Since I was appointed as president and CEO of Bridgestone (China) Investment Co Ltd in January this year, I have deeply felt the changes in the Chinese society, such as the rapid development of digital innovation. Such innovation gave me a deep impression and I believe Bridgestone will also continue to drive digital transformation to meet the needs of premium consumers in China.

XU YANG: In Danfoss, we measure our success with the achievements of our customers. We don't have a business success story without our partners. In China, Danfoss energy efficiency solutions are used in many buildings to help our customers decarbonize.

Currently, we're partnering with cities and our customers in China to help them decarbonize their growth. We believe China's green transition will unleash promising growth potential for both our partners and Danfoss, creating a shared success story.

LOH: Otis China has been a fully localized company, including R&D, design, manufacturing, service and supply chain management, with a network of factories. With the principle of "In China, for China and the World", we are committed to the Chinese market and we expect to invest in future technology with a focus on safety and sustainability to serve the domestic and international markets.

As president of such a big country market, I am excited and proud to lead our team to sustainable growth in China and contribute to high-quality development in the country.

FUKAISHI: People often ask for invoices after checking into hotels — invoice printers are the origin of Epson's business in the Chinese market. Epson's invoice printers were used in many B2B segments in China in the 1980s. This is based on our understanding of China's market needs, and the development and sale of corresponding products has laid a very good foundation for Epson to open up the Chinese market. As China has accelerated its digitalization push in recent years, Epson has paid more attention to the need for intelligent products. We have built exclusive WeChat mini-programs for our home projectors and printers to meet these needs in China.