The global industrial sector and Chinese economy have both entered a new phase of development, and China's reform agenda offers huge potential for improving the industrial sector, according to Ulrich Spiesshofer, CEO of ABB Group, a leading global power and automation company.
Although China's economy is currently facing a headwind, its long-term driver of the market is intact, given its strong fundamentals and investment commitment to innovation, said tech company ABB's Chief Executive Officer Ulrich Spiesshofer on Wednesday.
ABB Inc, a global grid equipments and automation technologies giant, Tuesday stressed its confidence on China's economic growth and market outlook, as they are continuously bolstered by industry upgrade, energy efficiency, automation applications, alongside with huge infrastructure programs.
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