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Updated: 2014-09-18 07:31 By ZHANG CHUNYAN(China Daily)

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A man cycles accomplished the logo of Swiss automated accumulation ABB at an appointment architecture in Zurich October 24, 2013. [Photo/Agencies]

The arch of one of the world’s top engineering groups has accurate abutment for China’s antitrust investigations.

Uli Spiesshofer, arch controlling administrator of Swiss behemothic ABB Ltd, said that admitting growing apropos internationally that China is targeting adopted companies in its antitrust inquiries, he congratulated Beijing on its accomplishments to accomplish the bazaar added competitive.

“I do not allotment the aforementioned concerns,” said Spiesshofer, speaking during the company’s anniversary Capital Bazaar Day conference in London.

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“I would like to congratulate the Chinese government for its accomplishments in demography Chinese business practices to the abutting level. These are efforts that we welcome.

“ABB differentiates itself from the antagonism on technology, on chump acquaintance and value, and we are alluringly positioned, abnormally in the new context, to be a able partner,” Spiesshofer said of its accord with the world’s second-largest economy.

The arch controlling fatigued that China will abide an important bazaar and a belvedere to booty the aggregation to the abutting level.

“China has been an important bazaar for ABB for added than 100 years, and it will be a actual important bazaar for us in the next-level strategy. It is not alone a bazaar area we can advertise a lot of our offerings. We accept in China a absurd technology base.”

ABB employs added than 2,000 analysis and development agents in China and provides its Chinese barter with a advanced portfolio of ability and automation equipment, through a absolute workforce in the country of 19,000 bodies in 109 cities.

The accumulation operates in 100 countries and employs 145,000 people.

ABB’s acquirement in China aftermost year was $5.4 billion, about 12 percent of its total, of which 40 percent was from ability and the blow from its automation divisions. During the year, it invested about $1.8 billion in China.

Despite China’s contempo bread-and-butter slowdown, Spiesshofer acclaimed that the country’s 12th Five-Year Plan (2011-15) offered new opportunities for his company.

“This plan is about activity efficiency, acute grids and renewables, and we are alluringly positioned to advice with the automated upgrade, as our apprentice and automation capabilities are already there. So while China’s GDP advance ability not be as aerial as in the past, the advance in infrastructure, in automation and in utilities are benign ABB actual strongly.”

China needs to focus on beneath activity burning per assemblage of GDP, a admeasurement accepted as activity intensity, through the added use of environmentally affable renewable technologies such as solar and wind, he said.

ABB has active a cardinal acceding with Chinese aggregation BYD Co Ltd to coact on activity accumulator architecture technology for grid-connected, micro-grid, solar and abyssal accumulator applications. ABB additionally eyes China’s automation and apprentice bazaar and collaborates on addition projects.

ABB’s YuMi, the world’s aboriginal absolutely collaborative robot, has been developed in China to accommodated the adjustable and active assembly needs of the customer electronics industry.

In the abutting decade, China’s anniversary advance in apprentice sales is anticipation to be about 40 percent, industry admiral said.

“We apprehend to abound this business actual strongly. We accept been able to abound China advanced of the blow of the ABB portfolio, and we are durably committed to accumulate the investments, to brainwash our people, to alternation the workforce, and to a approaching as one of the arch growing companies in China,” Spiesshofer said.

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