Adidas CEO sees no slowdown in China

Yutang Sports - China Sports Insights


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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