German industrial group Thyssenkrupp's business in China won't be hurt even if growth in the world's second-biggest economy slows further in 2016, the Sueddeutsche Zeitung newspaper reported, citing the company's chief executive.
China's economy grew 6.9 percent in 2015, its weakest pace in one-quarter of a century, after fourth-quarter GDP growth fell to 6.8 percent.
"We can also live well with economic growth of 5 percent in China," Chief Executive Heinrich Hiesinger said in an interview published Wednesday.
"There is no cause for exaggerated agitation," the CEO said, noting that the high-tech steelmaker is doing well in winning orders from manufacturers in China. Demand for elevators in China is stable and car sales are growing, he said.
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