Siemens China sales surge on rosy demand

Siemens yesterday said its sales and new orders in China both saw 19 percent growth in fiscal year 2008 despite the economic slowdown.

Last year sales and new orders of Siemens China surged to 57 billion yuan and 65.5 billion yuan, respectively. "In face of a global economic downturn the results of our China operations again contribute significantly to our global performance," said Richard Hausmann, CEO of Siemens Northeast Asia and president & CEO of Siemens Ltd China.

The company is mapping out a series of mid-term strategies to sustain its growth momentum and boost market positions, said Hausmann.