Siemens to bet big on green spend

Siemens, Europe's largest engineering company, yesterday said it expected to get orders totaling 20 billion yuan from China's economic stimulus package in the next three years.

Among these orders, half would go toward energy efficient and environmentally friendly technologies, said the company yesterday.

"No one can say for certain what the global economy will look like after the crisis. But one thing is certain: it will be a greener and more sustainable economy than it was before the crisis," said Siemens' President and CEO Peter Loescher.