Siemens intends to invest considerably more in China than previously planned. Besides the investments of around €1 billion by 2010, which were announced at the end of 2006, an additional €150 million is now earmarked for investment over the next three years in, among other things, the expansion of production capacities for alternative energies. "China is our largest market after Germany and the U.S. and a key driver of our worldwide business. With the planned investments, we want to further expand our presence in this vital market," said Siemens President and CEO Peter Löscher.
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