Adidas CEO sees no slowdown in China

Yutang Sports - China Sports Insights

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By Reuters

German sporting goods company Adidas is experiencing no slowdown in China, German daily Frankfurter Allgemeine Zeitung (FAZ) quoted its Chief Executive Herbert Hainer as saying upon his return from a trip to the Asian country.

Global markets plunged earlier this week as a slump in Shanghai shares fuelled worries over China’s economic health and the potential effects on companies that have come to rely on the country as a major export market.

Adidas CEO Herbert Hainer, however, told FAZ that his company is proving resilient in the face of the economic downturn.

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