Xu Fushun meets with SAP Global Executive Vice President Peter Maier

Xu Fushun, Vice Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with a delegation led by Peter Maier, Global Executive Vice President of System Applications and Products (SAP) on Dec 3.

SAP attaches a great deal of importance to the Chinese market and is actively enhancing the alignment of German's Industry 4.0 strategy and China's "Made in China 2025" plan and seeking cooperation with Chinese enterprises globally, according to Maier.

SASAC Vice Chairman Xu Fushun meets with the delegation led by SAP Global Executive Vice President Peter Maier on Dec 3. [Photo/sasac.gov.cn]

He noted that President Xi Jinping's remarks on economic globalization and opening up and intellectual property protection at the first China International Import Expo encouraged SAP to increase investment in the Chinese market, adding that SAP hopes to deepen cooperation with Chinese central state-owned enterprises (SOEs) on artificial intelligence, blockchains, and the Internet of Things and to facilitate the digital tranformation of central SOEs.

Xu pointed out that digital transformation, AI and technological innovation are crucial for central SOEs in the real economy to carry out supply-side structural reform, transformation and upgrading and to improve quality and efficiency.

Xu Fushun (C) poses for photo with SAP Global Executive Vice President Peter Maier (4th R) on Dec 3. [Photo/sasac.gov.cn]

He went on to say that central SOEs boast a solid foundation for the development of AI and are actively conducting relevant research in the field. They have established e-commerce and cloud computing alliances, CASICloud and other platforms, Xu said, adding that SASAC hopes that SAP will use its technological strength to develop mutually beneficial and win-win cooperation with Chinese central SOEs in those fields.

(Executive editor: Li Shuling)