ABB On March 19, 2021, especially as a leader of the 13th international multinational company one of the important components of the roundtable, sponsored by the China Council for the promotion of international multinational companies in China and multinational company development BBS "difference" development planning was held in Beijing, government officials, multinationals leaders attending the meeting, foreign diplomatic envoys, economists GongYi "open" in China and the world. Ms. Huijuan Dong, Vice President of ABB China and Head of Government and Public Affairs, attended the forum on behalf of ABB and delivered a speech entitled "New Pattern of Dual Cycle Development in the 14th Five-Year Plan and New Opportunities for Transnational Corporations".

Promoting high-quality development is the strategic orientation of the 14th Five-Year Plan period, and multinational corporations are an important driving force of economic globalization. "The development trend of the world economy shows that today, more than ever, cooperation is needed," Dong said in her speech. China's dual cycle of development will lead to higher levels of openness and higher quality social and economic development. In this context, the signing of the Regional Comprehensive Economic Partnership (RCEP) and the completion of the negotiations on the China-EU Comprehensive Agreement on Investment (CAI) have provided a constructive mechanism for further international cooperation. Promoting deeper participation of different parts of the world through multilateral mechanisms will also create new growth opportunities for digital transformation and green development."

China's acceleration of new infrastructure construction has provided a broader space for the application of digital technology. As a global technology leader, ABB continues to make a strategic layout in key areas such as digitization, industrial Internet, artificial intelligence, intelligent manufacturing, intelligent transportation, and smart energy infrastructure. Together with Chinese users and partners, ABB will inject sustained impetus into the digital transformation and upgrading of the industry.

On sustainable development, Dong said: "Over the past decade, China has worked hard to build a 'Beautiful China', promote the energy revolution and accelerate green development. As the world's largest energy producer and consumer, China is taking more aggressive policy measures to peak its carbon dioxide emissions by 2030 and become carbon neutral by 2060. ABB has been building on advanced technology to contribute to energy efficiency and emissions reductions in industry, buildings, and transport, which account for nearly three-quarters of global energy consumption. We firmly support China's ambitious goal of promoting green development and achieving carbon neutrality, and work together to meet the world's energy challenges."

"As China further opens up and places a high priority on the development and application of digital technologies, we believe that the Chinese market will continue to provide great opportunities for global companies, including ABB. We will continue to uphold the development philosophy of 'in China, for China and the world', build new and deeper cooperation with local customers and partners, and contribute to the global economic recovery and sustainable development."

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