According to the report on the website of the Australian Financial Review on July 27, Jacob stauseholm, CEO of Rio Tinto mining group, said that at a time when the developed economies are facing inflation and recession risks, the heavy reliance on Chinese customers may make the performance of large mining companies better than that of other industries.
"The rising inflation in the west is putting pressure on real income and purchasing power. This is forcing the government and central bank to take actions, and such actions further aggravate the risk of potential recession," staushelm said on the evening of the 27th
"This will obviously affect us. However, it is necessary to point out that China has not experienced such inflationary pressure. Therefore, it has more room to continue to adopt supportive policy stance and introduce additional easing measures to stimulate economic growth," he said
It is reported that in the last six months, about 52% of the revenue of Rio Tinto mining came from China. Under such circumstances, stausheim said he believed that Rio Tinto could ride out the current economic turmoil.
According to a report on the Bloomberg News Agency website on July 28, according to people who have been leading Volkswagen's business in China since 2019, Volkswagen must continue to focus on China if it is to continue to become one of the world's major automakers.
Feng Sihan will step down as CEO of Volkswagen Group (China) at the end of this month. He said that he has witnessed a "fundamental paradigm shift" in the automotive industry, which has forced global automakers, including Volkswagen, to shift their focus to China. At present, China is the largest automobile market in the world.
According to the report, Feng Sihan said in an interview that Volkswagen "quite definitely predicted" that China's auto sales would increase to 28 million to 30 million by 2030, accounting for about 30% to 35% of the global auto market. China is an important market for Volkswagen, accounting for about 40% of its global shipments in the first quarter of this year.
Source:Reference News
In this article, the content of this article is from online public channels, and their source cannot be identified. If there is a copyright dispute, please contact our company.