Q3 DeepSeek has been a buzzword and surprised the world starting this year. AI technology has been deeply integrated with various industries around the world. What opportunities do you foresee for your business from AI technology? What's your view on China's ability to sustain innovation in breakthrough technologies in the coming years?

XU: As demand for AI computing power surges, so does the electricity consumption of data centers. This trend creates a unique opportunity for the gas turbine industry, which can provide reliable and efficient power needed to support these data centers. Gas power, with its flexibility, low carbon footprint and stability, is well-positioned to support the opportunities presented by AI, especially considering that "the end of computing power is electricity". China has shown strong potential for sustained innovation in breakthrough technologies. GE Vernova looks forward to leveraging global wisdom and experience while partnering with local stakeholders to drive low-carbon operations, invest in innovation and foster collaboration across the entire value chain of the energy industry.

HOMMA: It is evident that China is actively promoting the development of the digital economy and has launched the "AI Plus" action plan. This strategic initiative suggests that traditional industries are on the brink of a profound transformation driven by digital advancements and the application of artificial intelligence. The transition from traditional factory models to smart factories, and from basic processing and manufacturing to an era of digital and intelligent integration, is accelerating rapidly. Generative AI offers us more business opportunities. Panasonic's largest overseas software R&D base in Dalian, Liaoning province is continuously strengthening its development in AI, focusing on applying AI to products. Additionally, Panasonic employees are also embracing the use of AI in their work. We are now offering a trial version of the DeepSeek AI service to employees on the Chinese mainland to help improve their job performance.

NACHREINER: China has truly established itself as a key player in the realm of innovation as the recent progress of AI technology shows. We have witnessed how various industries in China are actively occupying the space of R&D by introducing innovations across different segments. This dynamic environment is something that greatly attracts us. Bayer believes that as a country becomes increasingly recognized as a power in the R&D arena, we can engage in meaningful partnerships. By combining our R&D and innovation efforts, we ultimately benefit farmers and consumers in China, creating a win-win situation for everyone involved. We definitely see China as a valuable R&D partner — a country and a hub for innovation that can provide customers and consumers with greater opportunities, alternatives and new ways of doing things.

ZHUANG: China's innovation ecosystem — supported by world-class talent, policy agility and massive data resources — positions it to lead in AI-driven energy solutions. Baker Hughes is an energy technology company that provides solutions for energy and industrial customers worldwide. Over the years, it has stood out from many competitors with its high-end technological advantages. Today we are leveraging decades of assets experience, a unique combination of physical-based models, advanced analytics, AI and machine learning to deliver actionable insights for critical assets, processes and systems. At the same time, we plan to work with Chinese tech firms and startups to co-develop scalable tools, ensuring China remains a global innovation powerhouse.