Aveva increases R&D investment in China

Industrial software developer Aveva has ramped up efforts to increase its research and development investment in China, while also deepening its cooperation with local partners, to bolster the digital transformation and upgrading of Chinese enterprises, as it sees enormous opportunities from China's emphasis on the development of new quality productive forces.

China has rapidly emerged as a global frontier for industrial innovation, presenting vast development opportunities driven by its vibrant digital economy and the development of new quality productive forces, said Chris Lee, senior vice-president and head of Asia-Pacific of Aveva.

Lee highlighted that China's mature and extensive industrial system and supply chain offer an unparalleled platform for technological innovation. "We are fully confident in the Chinese market and will continue to increase investment in the 'in China, for China' initiatives."