Siemens AG, the German engineering and electronics giant, plans to build more partnerships with Chinese companies to further develop its intelligent manufacturing business, which, in turn, would support the country's industrial upgrade, said a senior executive.

MindSphere, Siemens' cloud-based open Internet of Things, or IoT, operating system, is designed to help customers evaluate and leverage data to gain new insights and turn data into value.

Siemens has cooperation agreements with China Aerospace Science and Industry Corp, HBIS Group, Baowu Group, Jinyu Biotechnology, Cathay Industrial Biotech, Yunnan Baiyao and Jomoo, to provide consultation services and solutions for digital upgrading, and to help their customers benefit from digital transformation.