Schneider Electric sees big opportunity for multinationals in China’s transitioning market

PARIS — China”s active promotion of the transition to a modern green economy offers development opportunities for multinationals, Yin Zheng, executive vice-president of French multinational Schneider Electric, said in a recent interview with Xinhua.

Schneider Electric has agreed to partner with China in its industrial transition through the platform for exchanges and cooperation provided by the China International Import Expo, said Yin, who is in charge of the company’s China operations.

This year, Schneider Electric will, for the fourth consecutive year, participate in the CIIE, which will be held in Shanghai, China, between Nov 5 and Nov 10. It will showcase its Zero Carbon City concept and a range of technologies designed to achieve carbon neutrality.

Yin recalled that there is a global consensus on the need for a green transition and a low-carbon scenario, and said that China plays a pivotal role in this process.

The transition to a low-carbon and digital economy is a key element of China’s industrial development, Yin said, adding that Schneider Electric is committed to building a “zero carbon future” together with its partners by accumulating technical experience in energy management and automation to help transform the industry in China.