ABB business hits record high amid upgrading

ABB Group's business reached a new high in China last year, as the global power and engineering technologies supplier underwent its biggest expansion amid China's industrial upgrading boom.

Both orders and revenue of ABB China, the Chinese unit of the Swiss-Swedishgroup, reached $5.6 billion in 2013. Its revenue growth rose 7.7 percent from the previous year. ABB invested $136 million in the country last year. Its cumulative China investment has reached $1.8 billion.

Gu Chunyuan, senior vice-president of ABB Group, said China's national development strategy now emphasizes quality economic growth as well as "green", low-carbon and sustainable development. ABB is willing to participate in China's ultra-high voltage power transmission and new energy vehicle projects, as well as providing more industrial robots to optimize the nation's manufacturing structure.