Siemens to invest big in China, Singapore factories.

Chief executive Roland Busch told a newsconference in Singapore on Thursday that Siemens wouldinvest €2 billion globally this year to increase itsmanufacturing capacity, starting with a factory expansionin China and the opening of a high-tech plant in thecity-state. BRIEF The German industrial conglomerate Siemens has announcedsignificant investments in factories in China andSingapore, as it pursues a strategy of diversifying inAsia while expanding in the Chinese market despitegrowing geopolitical tensions, reports the FinancialTimes. [Extracted from the article]

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