Siemens grasps opportunities offered by its IT solutions

Information technology-based solutions can help Chinese companies boost product quality, efficiency, innovation and counter challenges such as rising labor costs - to pursue their goals opened up by the Made in China 2025 strategy, a leading international industry executive said.

Chuck Grindstaff, chief executive officer of Siemens PLM Software, a subsidiary of German industrial giant Siemens AG, said his group was grasping the opportunities.

"We are driving this trend forward across all our business lines in China," he said.