As the Chinese mainland enters the first year of its 15th Five-Year Plan (2026-2030), multinational corporations are aligning strategies with Beijing's vision for sustainable economic stability. Schneider Electric Chairman Jean-Pascal Tricoire recently outlined the company's commitment to this new phase during an exclusive interview with CGTN's Tian Wei.
'Our partnership approach focuses on three pillars: smart manufacturing, green energy solutions, and digital innovation,' Tricoire stated, emphasizing alignment with China's emphasis on high-quality development. The French firm plans to expand its R&D investments in Shanghai and Shenzhen this year.
This corporate strategy mirrors broader trends as foreign investors adapt to China's shifting priorities from rapid growth to balanced technological advancement. Analysts note increased collaboration between overseas companies and local governments in developing next-generation industrial parks across the Yangtze River Delta.
While specific financial figures remain undisclosed, Tricoire confirmed Schneider's plans to establish six new regional innovation hubs by 2028, focusing on AI-driven energy management systems. The move comes as Beijing implements new tax incentives for sustainable infrastructure projects under the Five-Year Plan framework.
