In the heart of Berlin's Moabit neighborhood, Alexey Ustinov, the Senior Vice President of Siemens Energy's hydrogen business, provides insights into the global landscape of the hydrogen industry. Drawing parallels between China's successful environmental initiatives and Europe's ambitions for a hydrogen economy, Ustinov stresses the need for far-sighted political leadership. He advocates for collaboration across borders, expressing concerns about growing economic fragmentation. With a pragmatic approach, Ustinov addresses the competitive advantage of Chinese electrolysis producers and the implications on Western markets. The debate between cost-effectiveness and technological superiority is highlighted, especially in industries like automotive and wind turbines. Ustinov cautions against underestimating Chinese innovation but also advises against overrating their capabilities. As the hydrogen sector navigates between hype and reality, Ustinov emphasizes the importance of testing practices before drawing conclusions, particularly in China's evolving green hydrogen landscape. The article encapsulates a nuanced perspective on the evolving dynamics of the global energy transition, emphasizing the need for a balanced approach to innovation, competition, and collaboration.