Glimpses of economy over next 5 years

(China Daily) Updated: 2015-11-10 09:49

Ling Fang, managing director, China& East Asia, Alstom

A1 Innovation plays a crucial role in the economic growth of the modern world. It determines the success of the companies, as much as it determines the success of countries. Thriving innovative ideas and companies in the country will undoubtedly spur future prosperity. At Alstom innovation is a key driver for strategic growth and differentiations. Innovation is part of our strategy for successful operation in China. For example, to address the local customer requirements, Alstom designed a competitive metro traction system called Optonix, specifically for the Chinese market.

A2 We can see that the Chinese government has paid great attention to the environmental issues and made environmental protection an important aspect in improving people's quality of life. I believe that continuous efforts have to be made and policies be reinforced to promote coordinated development between the economy, the society and the environment. Alstom is committed to bringing environmentally friendly technologies and solutions to the Chinese customers and operators, contributing to the sustainable mobility of the Chinese society.

A3 I am confident that the Chinese economy will grow continuously at a strong pace in the coming years and decade. GDP per capita is only one way to estimate the quality of life, but a greener environment, cleaner air and cleaner water are also part of the quality of life, which cannot be measured in terms of GDP.

A4 I think that China can achieve sustainable development through a strong focus on green economy. Alstom has been focusing on green transport and we are pleased to see that, worldwide, there is strong development of clean urban transit means of transportation, such as tramways. There are a lot of cities in China planning to build tramways and we would like to bring this green solution to our customers in China.

A5 The Fifth Plenary Session indicated that China will further open up its market by deeply integrating into the global economy and driving for win-win and joint development. Alstom is confident about the competitive environment of the Chinese market. When China's economy grows further, I am sure that the market will become more mature, transparent and fair. At Alstom we will continue to work closely with Chinese partners to contribute to the rail development of the country, while seeking ways for deepened cooperation in the export markets.