Visitors experience the green environment of the Xiong’an New Area through a simulated ride on September 7, 2023 at China International Digital Economy Expo 2023 in Shijiazhuang, North China’s Hebei Province. Photo: cnsphoto Overseas-funded companies are showing their rising interest in China’s digital transformation, and are exploring further opportunities in the Chinese market, as the country’s policymakers focused on the nation’s high-quality development. "China not only has a big market, and it has its advantages in cloud computing, AI and 5G, and we will leverage our technological and strategic advantages to participate in the digital transformation of China’s industries," Peter Weckesser, Chief Digital Officer of Schneider Electric told the Global Times, explaining that digitalization, and green low-carbon industries have become important development sectors which have provided new opportunities for the company as China’s economy is shifting from high-speed growth to high-quality development. It is Weckesser’s second visit to China since he joined Schneider Electric. In his eyes, China is a vast market with favorable conditions for both local companies and multinational giants. China is Schneider Electric’s second largest market in the world, and is home to one of its four major R&D bases, and its most important supply chain […]