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Business / Economy

Glimpses of economy over next 5 years

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

Glimpses of economy over next 5 years

Mark Gibbs, president of SAP Greater China

A1 As China is putting more focus on quality and sustainable growth, innovation will have a significant impact on economic development and will continue to play a pivotal role in driving industry transformation and upgrading.

Take manufacturing sector as an example-both the German and Chinese governments have pledged collaboration in driving Industry 4.0 and SAP is an early participant and active contributor. Being an innovation leader in China for over two decades, SAP expects to see new opportunities to support Chinese businesses in their digital transformation journey.

A2 SAP's vision is to help the world run better and improve people's lives. We do this with sustainable innovation for our customers, internal operations and the communities around the world which SAP serves. In 2015, SAP once again ranked as a global sustainability leader by the Dow Jones Sustainability Indexes for the ninth consecutive year.

SAP's strategy is to embed sustainability across the company globally and help ensure the long-term success of customers.

In China, we are very active in collaborating with customers on smart city and smart manufacturing projects.

A3 As China is highly promoting innovation and transformation empowered by smart manufacturing, we see many new opportunities presented to SAP and we will align our strategies to China's major government initiatives, including "Belt and Road", "Internet Plus" and "Made in China 2025". We see China as our second home and will continue joint innovation efforts with customers so that we become complementary to China's IT market.

A4 We know that industry upgrade and innovation, energy saving and environmental protection, as well as internationalization are among the major focus areas for the Chinese government. We believe that these themes will drive China's sustainable economic growth and also represent a huge opportunity for SAP.

A5 We are optimistic about the deepening of economic reforms in various sectors that encourage mass entrepreneurship and innovation. We expect to be part of the new opportunities that will come from the digital transformation and innovation journey of China's State-owned enterprises and private companies. SAP's global expertise and our versatile product portfolio make us well poised to help Chinese companies expand overseas.

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