Shanghai in the eyes of global executives: A prosperous cosmopolitan hub

chinadaily.com.cn Updated:2023-11-29

Peter Voser, Chairman of ABB, commends Shanghai's remarkable transformation, notably in evolving into China's foremost financial center. He highlights Shanghai's crucial role in China's economic growth and reform efforts, and its attracting of investments with its business-friendly environment. The city's capacity for innovation and reinvention has fueled its development into a prosperous cosmopolitan hub and a prime investment destination. ABB, present in Shanghai since 1994, remains committed to supporting Shanghai's continued success and fostering innovation. The commitment is exemplified by recent investments, including the inauguration of a state-of-the-art robotics factory last December and the establishment of a new joint venture with HASCO to drive smart manufacturing in China's automotive industry.