Siemens China achieved its second best ever market performance in China in the fiscal year 2012 (October 1, 2011-September 30, 2012) in defiance of the challenges brought by the global economic slowdown.

In fiscal year 2012, new orders of Siemens in China reached 6.04 billion euros ($7.89 billion) and revenue was 6.35 billion euros ($8.3 billion), on almost the same level as the record-breaking fiscal year 2011, and becoming the second best year in the company's 140-year-long history in China. The country makes up 8 percent of Siemens global total revenue and remains its second largest overseas market.

Siemens continues to complete its local value chain, covering product management, R&D, sourcing, manufacturing, sales and service.

"The Chinese economy will continue the growth momentum that has emerged over the past few months," said Mei-Wei Cheng, CEO of Siemens North East Asia and President and CEO of Siemens Ltd., China. "We will seize this opportunity to sharpen our core competitive edge in China."