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Year in review: New normal, new opportunities, new technologies
Editor's note: China has embraced digital transformation as the world's second-largest economy enters the "new normal". Foreign conglomerates are keen on seizing the opportunities and supporting the government to bring the benefits of new technologies to every sector and each region.
Here top executives of multinationals look back at 2016 and gaze into the crystal ball as we head into 2017.
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Microsoft feels the pulse of China's digital transformation |
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"We believes that we are uniquely positioned to help accelerate China's digital transformation in line with the ambitions expressed in the 13th Five-Year Plan, which will largely be driven by cloud-based technologies." Alain Crozier Chairman and CEO of Microsoft Greater China Region |
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Ericsson ambitious on 5G deployment in China |
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"A slowdown from such a rapid growth rate is to be expected but 6.5 percent GDP growth is still a comparatively high rate of growth in a low growth world and therefore highly attractive to global companies." Chris Houghton Ericsson's senior vice president |
China to become world's largest aviation market
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"According to the 13th Five-Year Plan, about 50 new major airports will be established to accommodate the region's growth in air travel, and we estimate that six to seven percent annual growth will be seen in passenger traffic, airplane acquisitions and total flying hours in the next two decades." Steven Lien President of Honeywell Aerospace Asia-Pacific |
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IDC sees opportunities for clients in govt-backed plans |
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" IDC sees China as not only an important market to the world but also one that is growing in complexity with regional and global integration." Kitty Fok, managing director of International Data Corporation (IDC) China |
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Striking a chord in new headphone market |
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"As China opened more to Western brands, we were already there and able to show our headphones, so we had a very strong market share in China for the small company that we are." Daniel Sennheiser CEO of Sennheiser Electronic GmbH & Co KG |
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A true story of how to achieve more with less |
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"Keeping with principles of 'Made in China 2025', we have applied information management software in concert with the basic control equipment, to be able to provide a higher level of productivity and decision-making support." Blake Moret Rockwell Automation's president and CEO |
