With the increasing performance of Alstom in China, the scale of our operation and investment in China has also expanded rapidly. At present, Alstom has 4,000 employees in China, who are active in various departments of the company. China's turnover accounts for 5% of the world. We have set up eight representative offices in Beijing, Shanghai, Wuhan, Dalian, Guangzhou, Xi, Chengdu and Hong Kong, and established joint ventures in various fields. Tianjin Alstom Hydropower Equipment Co., Ltd., a joint venture factory for producing various levels of hydro-generator sets, was established in Tianjin. Fully transfer technology to Suzhou Alstom Switchgear Co., Ltd., so that the joint venture factory can benefit a lot from Alstom's advanced technology and professional management knowledge. Alstom works closely with China Railway Communication Signal Equipment Co., Ltd. to produce signal and communication equipment through Casco Signal Co., Ltd., a joint venture company located in Shanghai. In particular, we have two wholly-owned enterprises producing signal equipment and vehicles in Hong Kong. Up to now, Alstom has five joint-venture factories and two wholly-owned enterprises in China, and several other joint-venture projects are also under negotiation.
Alstom not only expands its investment in China by establishing more joint ventures in China, but also carries out technical exchange and transfer with its counterparts in China, such as Harbin Boiler Factory, Dongfang Electric Group and Hangzhou Boiler.
Looking forward to the future, Alstom will, as always, do business in China, by establishing more joint ventures, providing more advanced technologies and equipment, selecting more local talents, expanding our business scale and strengthening cooperation and exchanges with China in various fields.