Siemens AG said that fast urbanization in China is to provide huge market opportunities for its new infrastructure and city business.
China's Ministry of Commerce has approved a plan by a Chinese auto parts maker to take over American battery maker A123 Systems Inc.
As Siemens evolves into one of the world's largest suppliers of eco-friendly technologies, China will play a much bigger role in the German conglomerate's future growth.
Siemens China produced its first "In China, for China" protective relay to market in April, and priced it about 40 percent cheaper than the global version.
ZTE has the potential to become one of the world's top three telecom equipment makers.
When showing the device he is selling, Liu Simin usually has to explain that it is not a smartphone but medical equipment.
Construction on Siemens' benchmark digital factory, Siemens Electronics Works Chengdu, started Thursday in Chengdu, the provincial capital of southwest China's Sichuan province.
Luo Yonghao, a famous English trainer, smashes a defective Siemens Fridge in Haidian Theater in Beijing on Dec 20, 2011. The incident comes after Luo first smashed Siemens fridges in front of Siemens’ headquarters in Beijing on Nov 20, 2011, when he urged the company to recall all the flawed fridges.
The defective Siemens fridges collected by Luo Yonghao, a famous English trainer, are to be smashed in public in Beijing. Luo said in his twitter-like micro-blog on Dec 17, 2011 that he will smash all the flawed Siemens Fridge for a second time and hold a one-hour media briefing in Haidian Theater on Dec 20, 2011.
Despite a huge market demand for "green" business in China's larger cities, Siemens will expand in rural markets.
Renowned blogger Luo Yonghao smashed three Siemens refrigerators in front of the company's Chinese headquarters in Beijing on Sunday morning. The act was a protest against the German company's negative attitude toward rectifying the design flaws of its products, Luo said.
Siemens AG announced said it will set up an industrial automation manufacturing and research and development (R&D) base in Chengdu, Sichuan province, a move to further exploit China's western market and enhance R&D capability in the nation.
Siemens AG confirmed on Friday that a fourth business arm will be launched on Oct 1, offering better urban infrastructure solutions for cities.
Siemens AG is promoting its ideas on saving energy in up to 100 Chinese cities as the nation plans to cut energy consumption in the industrial sector by 16 percent over the next five years.
Seeing good momentum in the global healthcare sector, Royal Philips Electronics NV is planning to expand its healthcare business in China's rural areas, a market which is seen as a new driver of growth for the Dutch multinational group.
China is expected to be the second-largest market in the world for Siemens Ltd's healthcare sector over the next two years, driven by the company's new five-year plan focusing on the development of basic medical care.
Nokia Siemens Networks - a joint venture between Nokia Oyj and Siemens AG - will complete its acquisition of Motorola Inc's network equipment assets on April 29.
Chinese authorities have approved Nokia Siemens Networks' planned acquisition of some of Motorola Solution Inc's network equipment assets this week, according to a Nokia Siemens spokeswoman.
Despite an anticipated slowdown in global revenue growth, Siemens AG, Europe's largest engineering company by sales revenue, is adopting a new expansion strategy.
Bosch and Siemens Home Appliances Group (BSH) said on Wednesday that it plans to build a new refrigerator production base in China.
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