CEO Hiesinger on one hand expects good business in China while noting that the outlook is bleak. This is what he apparently said in an interview with Süddeutsche Zeitung. We regard this statement as contradictory. ThyssenKrupp generates about 15% of its turnover in Asia.
‘We can live well with a Chinese growth rate of 5%’, he said. Elevators are currently experiencing business conditions similar to those of last year, i.e. divisional growth in China seems to have come to a standstill. Compone ....
20 Jan 2016
Business in China expected to be 'good'
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Business in China expected to be 'good'
thyssenkrupp AG (TKR:WBO) | 0 0 0.4% | Mkt Cap: 14,231m
- Published:
20 Jan 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
CEO Hiesinger on one hand expects good business in China while noting that the outlook is bleak. This is what he apparently said in an interview with Süddeutsche Zeitung. We regard this statement as contradictory. ThyssenKrupp generates about 15% of its turnover in Asia.
‘We can live well with a Chinese growth rate of 5%’, he said. Elevators are currently experiencing business conditions similar to those of last year, i.e. divisional growth in China seems to have come to a standstill. Compone ....