During the next four years Siemens aims to double its sales in China and invest an additional $1.28 billion into the market. Siemens' China unit head, Richard Hausmann plans to double sales in China from the 50.4 billion yuan the company raked in last fiscal year. China revenue for the company rose 37 percent year-over-year, but the market only accounts for about five percent of the company's total market.
For more on Siemens' expanded plans in China:
- check out this article [1] from The Wall Street Journal (sub. req.)
Links:
[1] http://online.wsj.com/article/SB116592350330347537.html?mod=telecommunications_primary_hs