China Daily - 2015-09-09
Editor's note: At the World Economic Forum's three-day meeting in Dalian, Liaoning province, China's economic growth is once again in the spotlight. More than 1,700 participants from 90 countries are attending "Summer Davos", opening on Wednesday, to chart a new course for growth as global recovery sinks into uncertainty. Before the conference began, business leaders from international companies shared their opinions with China Daily about China's economic prospects and what strategies they may take to readjust to the nation's new normal of growth.
Here are the excerpts from the interview:
1.Economic slowdown pressures have increased in China since the second half of 2014. During the first six months this year, GDP growth has fallen below 7 percent, while deflation pressures have risen in the manufacturing sector. Against this backdrop, what are the challenges that you have faced/continue to face in China, especially with regard to the business development strategy and actual operations?
Companies like Saudi Aramco make investments in the upstream and downstream oil and gas industry that take many years to complete and provide products to our customers for many decades. In our industry having a very long term perspective is essential. While there are certainly challenges in managing the short term business and economic issues facing China today, we are still very optimistic that the energy needed to fuel China's economic growth will continue to increase.
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