Beijing - Electronics company Siemens said Thursday its sales and new orders in China grew by 19 per cent each - twice the growth rate of the country's economy.
Richard Hausmann, head of the Germany-based conglomerate's China subsidiary, told journalists in Beijing that sales surged to 57 billion yuan (8.3 billion dollars) and new orders to 65.5 billion yuan in the business year through September 2008.
"In face of a global economic downturn I am glad that the results of our China operations again contribute significantly to our global performance," he said.