siemens was founded in 1847, is an electronic and electrical engineering domain of enterprises. Since its entry into China in 1872, Siemens has been continuously providing comprehensive support for China's development with innovative technologies, excellent solutions and products for more than 140 years, and has established its position in the Chinese market with outstanding quality, reliable reliability, technological achievements and unremitting pursuit of innovation. In 2015 (October 1, 2014 to September 30, 2015), Siemens' total operating revenue in China reached €6.94 billion, with more than 32,000 employees. Siemens has become an integral part of China's society and economy, and is committed to working with China to achieve sustainable development. In September 2014, siemens and Bosch Group reached an agreement: Robert Bosch AG will acquire Siemens' 50% stake in the joint venture Bosch and Siemens Appliances Group (BSH Power). After the transaction, BSH Power will become a wholly owned subsidiary of Bosch Group, and Siemens will completely exit the power domain. The sale of the electricity business is part of Siemens' focus on electrification, automation and digitization.