China
Foreigners moniter economic policies
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Hausmann says all multi-national companies have an interest in China's policies, which can boost domestic demand. He says Siemens has benefited from China's stimulus package.
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| Gennadii Seleznyov, former chairman of Russian Duma, said, "China has taken a lot of measures to prevent the drop of resident's consumption and the level of people's living standards. This helps avoid a depression in the face of the global financial crisis." |
Richard Hausmann said, "The high speed mass train connecting between Foshan and Guangzhou. We supply signal systems and brake system which is a public transportation investment which is part of such stimulus package."
The development of the eco-friendly, energy saving industry will be a hot topic at both meetings. Hausmann says Siemens has pumped 1.35 billion yuan into this field. The company has invested 11.35 billion yuan in the Chinese market, including forty percent in the energy saving industry.




