A Chinese delegation from SASAC (State-owned Assets Supervision and Administration Commission of the State Council) paid a visit to the headquarters of SIBB on September 5th.

Authorized by the State Council, in accordance with the Company Law of the People's Republic of China and other administrative regulations, SASAC performs the investor's responsibilities, supervises and managesthe state owned assets of enterprises under the supervision of the Central Government (excluding financial enterprises), and enhances the management of state-owned assets. As a state supervisory authority, its main task is to modernise and restructure large state-owned enterprises. SASAC also decides on the top management and investments of these enterprises.

The delegation was interested to know more about Germany’s digitization efforts and current industry 4.0 applications in the manufacturing sector.

The SIBB demo concerning Industry 4.0 in the field of local manufacturing plants and SIBB international projects (LookOut Poland and PointOut USA) were of special interest to the delegation. The Chinese delegation sought to know how such projects get perceived by enterprises to improve their competitiveness and how such associations as SIBB improve the communication between the digital economy and industry sector. Moreover, financing of such projects was another topic of interest.

The Chinese pointed out that their government has a strong national digitization strategy in place, which has started about five years ago with important financial support. However, some regions of China are more advanced in digitization of manufacturing than others, depending on the financial situation of the region at hand. They added that digital innovations in the inudstry sector are of utmost importance for their country due to growth challanges and efficiency improvements.