Siemens Sees China Slowdown Weighing on Orders, Anticipates Recovery Later in Year
- Siemens warns China slowdown weighing on orders for its digital industries division
- New business has been slower than expected in China since start of year
- China's weak economy resulting in lower demand in Central Europe as well
- Siemens expects China's economy to recover in 2H with manufacturing push
- Software businesses doing better than Siemens expected
