APA President: Siemens follows Siemens – Economy

Siemens boss Roland Busch will take charge of the Asia-Pacific Committee (APA) in the fall. Busch thus becomes the class spokesperson for the German economy in the Far East – as is so often the case with a Siemens executive. Heinrich von Pierer was its founding president in 1993 until the corruption scandal won out from office. Siemens chairman Peter Löscher then headed the committee. In the fall of 2018, Busch’s predecessor, Joe Kaeser, was elected president of the APA. And Busch now succeeds Kaeser. “Each country in the Asia-Pacific economic zone also offers great opportunities for the German economy,” said the designated boss of the APA. It is important to harness this potential. And his predecessor Kaeser added that China is the dominant engine in the region, which will have a major impact on world events in the decades to come.

What looks a bit like an ancestral farm is different in this case. Hardly any other member of the DAX board knows Asia and especially China as well as Busch, who has a doctorate in physics. Before taking the helm of Siemens, he was responsible for the group’s Asian activities for a time. Most importantly, the 56-year-old lived in Shanghai for a few years and headed the Siemens VDO automotive division, which has since been sold. Unlike many of his colleagues, he not only knows the five-star hotels and airport lounges in what is by far the region’s largest economy, but also the other part of China, where the facades don’t shine. no bright colors. the night. He took care of Chinese culture and society and speaks the language a little.

This is important because the relationship between the German economy and China has become complicated. The booming country, where until a few years ago growth rates were higher than anywhere else in the world, has become a strategic competitor that promotes its own businesses – not always with fair means. Foreign companies are regularly disadvantaged in tenders. Many foreign companies have also been invited to set up party cells in their factories, that is, branches of the Communist Party. And then a few weeks ago the apparatus introduced an anti-sanctions law which threatens to seriously change the business relations of foreign companies in the People’s Republic. Anyone who adheres to the sanctions imposed by the US government on Chinese companies for human rights violations, for example, should expect consequences in people’s courts. Busy time for the new boss of the APA.

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