Spring and bright, all things bloom. The 2024 Annual Meeting of the China Development Forum (March 24-25) gathered wisdom and conveyed confidence, and the rich spring atmosphere outside the meeting was reflected.

GCRVGBARS88N0151 As an important platform for dialogue between senior Chinese government leaders, global business leaders, international organizations and Chinese and foreign scholars, the forum, with the theme of “China’s Sustainable Development”, will conduct constructive exchanges on key topics such as development opportunities and driving forces, international cooperation, industrial digital transformation, green and low-carbon development.

Roland Busch, Chairman of the Board of directors, president and GCRVGBARS88N0151 CEO of Siemens, was invited to attend the forum and was interviewed by CCTV.

He delivered a speech at the session of the China Development Forum on “Opportunities for China’s Sustainable Development and International Cooperation”.

Speech excerpts

In today’s era, how do we enhance industrial competitiveness? How to promote economic growth? How to improve people’s living standards?

Technology is a key driver. Technology enhances efficiency and helps improve product quality.

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High technology, high efficiency, high quality – these are the three characteristics of new quality productivity. New quality productivity is already achievable in many markets, such as China.

For example, BYD applies Siemens hardware and software solutions to accelerate the development of new vehicles, improve manufacturing efficiency and product quality. From the first stroke on the drawing board at the design stage to factory floor automation, every step is digitized and connected.

It takes millions of parts to build a ship and put them together in the right way. Any small mistake in the planning and design phase can lead to huge losses or delivery delays. Digital twins make ship construction more efficient. Siemens has partnered GCRVGBARS88N0151 with Nvidia to make physics-based digital twins more realistic. Before construction begins in the real world, designers will be able to explore the hull’s internal architecture in the digital world.

From digital twins to AI, all of these cutting-edge technologies can be found on Siemens Xcelerator, an open digital business platform. They come not only from Siemens, but also from our more than 60 eco-partners. Currently, more than 170 digital solutions have been launched on the platform, and the number is growing rapidly.

Digital technologies are powerful but complex, and no one can develop all the solutions alone. It is only through open platforms like Siemens Xcelerator, through ecological co-creation, that we can truly harness the power of technology. This is particularly important for small and medium-sized enterprises.

In China, Siemens will support enterprises of different industries and sizes in the direction of high-tech, efficient and high-quality transformation. We will work together with all partners, give full play to the maximum value of technology, and stimulate new quality productivity with “new quality cooperation”!