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Tech MNCs laud China's high-quality development

China Daily | Updated: 2023-11-07 11:42

Shen Bo, senior vice-president of ASML, president of ASML China. [Photo provided to China Daily]

Q1 Given the complex current global economic and geopolitical situations, how do you position the Chinese market in your overall global business radar? What's your outlook for China's economy and your company's operations in the country for this year and next?

SHEN: ASML has been involved in the Chinese market for over 30 years and supported the development of the Chinese semiconductor industry by offering ASML's holistic lithographic solutions, integrating them with our lithography systems and computational lithography as well as optical and e-beam metrology and high-resolution inspection, and addressing our customers' growth needs.

China is now one of our most important business markets with offices in 16 cities, hosting 12 warehousing and logistics centers, three development centers, a training center and a repair center.

As for our outlook on China's future, we are confident in our 2023 financial results and longer-term global outlook, including China. On a global scale, the company's total sales are expected to grow by 30 percent in 2023. We have very strong confidence in what the longer-term future will bring us.

FU: China has always been an essential market for Avaya. Over decades, we have maintained our commitment to "In China, For China". After the pandemic, China has impressed the world with its astonishingly rapid economic recovery. Avaya maintains our optimism and confidence in China's future growth and expects its economy to recover and surpass its pre-pandemic levels. We will increase our investment in China in the near future and develop operation strategies accordingly to meet the future needs emerging from the Chinese market.

KHAOU: Since the end of the pandemic, we can see that China has entered a new phase in terms of economic development, people's livelihoods and other aspects, which will accelerate the recovery and growth of the Chinese economy. China will continue to move forward in the direction of high-quality development. This is a very important prerequisite for multinational corporations, giving us confidence in our development in the Chinese market.

China's industrial software represents a market opportunity of billions of dollars. The digital transformation is a driving force for the sustainable development of various industries. Dassault Systemes will continue to increase its investment in the Chinese market, extend its coverage in various industries, and work with leading enterprises to create best industrial practices.

In the coming year, we hope to deepen cooperation with more Chinese enterprises and help customers carry out life-cycle management with our solutions. We will also focus on the digital upgrading of the overall industrial chain, accelerate the digital upgrading of China's economy and make layouts for cutting-edge technologies.

HERZBERG: China remains a highly promising long-term market due to its scale and innovation, driven by the Chinese leadership's focus on sustainability, energy efficiency and achieving the country's net-zero goals.

As CEO and as a businessman, I see significant opportunities in China and remain committed to investing here. Our versatile portfolio allows us to thrive in various economic cycles. During challenging times, optimization software is crucial for cost control, while during periods of growth, our broader software offerings, including design, become relevant. Although we don't provide detailed figures, our business outlook in China remains highly positive. We are dedicated to contributing to China's sustainable and efficient industrial landscape.

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