Currently, China is the second-largest market for Bayer Crop Science in Asia. — China Daily
BEIJING: As China’s agricultural sector undergoes a sweeping transformation embracing smarter, more digital and sustainable development, Bayer Crop Science is planting deeper roots in one of the world’s most promising agri-tech markets.
“As a foreign company deeply rooted in China, Bayer Crop Science is dedicated to creating value for farmers, customers and our partners in China.
“We hope to continue working closely with the Chinese government to make more contributions to China’s agricultural development with our products and technologies,” said Malu Nachreiner, head of Region Asia for the Crop Science Division of Bayer.
With an over 60-year presence in the Chinese market, Bayer Crop Science – one of the three divisions of the Germany-based life sciences enterprise Bayer – focuses on major crops such as rice, corn, wheat, fruits and vegetables.
Currently, China is the second-largest market for Bayer Crop Science in Asia, and Asia contributes around 10% to Bayer’s global crop science business.
Nachreiner said the long-term growth prospects of the Chinese economy are promising, and Bayer Crop Science maintains a positive outlook on it.
As China enjoys a large agricultural market and abundant agricultural resources, she said the country’s steady economic growth suggests the agricultural sector holds great potential for development.
This will provide foreign agricultural companies like Bayer Crop Science with a broader scope for growth in the China market.
Noting the recent rise of Deep-Seek and China’s fast-developing artificial intelligence (AI), Nachreiner said China is becoming a global leader in AI and digitisation, establishing itself as a key player in the realm of innovation.
Her views were echoed by Ben Simpfendorfer, a partner at consultancy Oliver Wyman, who said China is making strategic moves to secure long-term sustainable growth by doubling down on innovation, with a sharpened focus on emerging fields such as AI. — China Daily/ANN
