CBI memberAccenture recently opened a new research and development (R&D) lab in Beijing to develop technology innovations for its clients in China and the Asia-Pacific region. The facility will significantly enhance Accenture's global R&D capabilities.
Dr. Kishore Swaminathan, Accenture Chief Scientist, established the new lab and is now leading the local team of scientists and researchers recruited by Accenture.
One of the initial areas of focus for the Beijing lab is to explore how smart grid technologies can be applied to help address China's growing energy demands, and the facility is already engaged in R&D activities examining best technology options and leading business applications, such as advanced analytics and mass data processing. Such activities will help Chinese utilities develop a smart, flexible, and strong electric grid to meet their energy needs well into the future.
Gong Li, chairman of Accenture Greater China, said, "Accenture has a long history in China and the opening of the Beijing technology lab reinforces our commitment to serve businesses and government agencies in the region. Innovation has been a key theme in China's five-year plan, and we look forward to serving as a long-term technology partner in support of the country's development. Accenture is well-positioned to help lead innovations that address local market challenges in areas such as energy, health, education, urbanisation, logistics, and other critical issues."
Kevin Campbell, group chief executive of Technology at Accenture, said, "Many of the technology solutions we have developed around the world are based on innovation and leading-edge R&D coming from our labs. The Beijing technology lab we're unveiling today is focused primarily on developing practical innovations that are piloted and tested and can be implemented quickly by clients to improve business performance and outcomes."
Click here to read the full press release by Accenture.
Last week CBI memberSiemens signed an investment agreement with Chengdu High-Tech Development Zone to establish a manufacturing and R&D facility for industrial automation products in Chengdu, the capital of Sichuan province in southwestern China.
Scheduled to launch operations by the first half of 2013, the new base will be Siemens' largest digital factory in China and the third R&D centre for Siemens industry automation products worldwide. Siemens currently has such R&D centres in Germany and the U.S.
Commenting on the rising importance of Sichuan to Siemens' global operations, Mei-Wei Cheng, CEO of Siemens Northeast Asia and President and CEO of Siemens China, said, "Sichuan is becoming more strategically important in Siemens' global layout. Leveraging our comprehensive, innovative and environmental concepts and technologies, Siemens will continue to actively participate in Sichuan's economic and social development. Today's announcement of building the most advanced automated factory here is a solid step forward."
Commenting on the benefits to the region that the new facility will bring, Dr. Marc Wucherer, President of Industry Sector Siemens Northeast Asia, said, "We are building the most modern digital factory in China by setting global standards in manufacturing efficiency and productivity, and providing individualised products to customers. This will largely help drive the industrial upgrade of the region and cultivate talents of high caliber in the long run."
Click here to read the full press release by Siemens.
Earlier this month, CBI memberBT and Chinese telecommunications giant ZTE Corporation announced the launch of a major new research partnership, which will explore next-generation fixed line, wireless and mobile telecommunications research.
Commenting on the new partnership, BT CIO Clive Selley said, "This is another example of BT's commitment to open innovation—combining with outstanding partners, customers and academic bodies to develop exciting new services and constantly improve the customer experience. We've been very impressed with the knowledge and sophistication of ZTE's team and, by combining our complementary strengths and expertise on a range of research projects, we expect this partnership to be very fruitful for both ourselves and our respective customers."
Xie Daxiong, EVP and CTO at ZTE, stated, "BT's UK and global experience and resources are a great match for ZTE's leadership in key fixed, wireless and device technologies, and we look forward to a close and effective research relationship."
The EUCCC achieved a record response rate of 44% of its members, with nearly 600 European companies having completed the survey. The Chamber identified the following three key messages arising from the results of its survey:
1. China is an increasingly strategic market. 2. Competition in China is increasing. 3. Companies are concerned about China's regulatory environment.
Other key highlights include:
• 79% of respondents have an optimistic business outlook for growth in China. • 59% of respondents are planning new China investments, up from 48%. • 78% of respondents reported an increase in revenue over last year.
Please click here to read the full EUCCC Business Confidence Survey and here and here for additional media coverage.
China Direct would like to thank Ben Cooper of the CBI's Beijing office for preparing this summary.
The findings of the annual EUCCC business confidence survey will be circulated tomorrow, Wednesday 25th May 2011.
China Direct will be attending the official Survey Launch event in Beijing and looks forward to sharing with members key headlines and observations shortly.
EUCCC Business Confidence Survey
Since 2004, the European Chamber has conducted an annual survey of member companies to monitor their views on the business environment and gather their opinions on trade and investment in China.
The European Chamber Business Confidence Survey 2011 is once again produced in partnership with Roland Berger Strategy Consultants, and draws on feedback from nearly 600 European companies – the highest participation rate ever.
This year's survey offers insight on European business confidence in the Chinese market at a time of impressive growth, rising competition, and the release of China’s 12th Five Year Plan.
The results – the most comprehensive and wide-ranging set of data yet gathered for this annual survey – will provide the most up-to-date and in-depth analysis on sentiment among European businesses about the Chinese business environment.
This information will have important implications for Chinese and European policy-makers, businesses, organizations as well as the general public.
Dear China Direct readers, welcome back after the Bank Holiday weekend!
In today's piece a short note from James Cheng, Fund Manager at Morgan Stanley, on China's high speed rail network and a journey he recently made from Guangzhou to Wuhan.
As an aside there is an unattributable rumour circulating here in China that the first train leaving Guangzhou for Wuhan every morning is always empty - just to make sure that the track is still usable!
The American Chamber of Commerce in China released its annual White Paper yesterday noting that whilst US businesses continue to perform well there was continuing concern over China's industrial policies and their longterm implications for US business.