DSM CEO Sijbesma Says Urbanization in China Big Driver of Growth
Royal DSM NV (DSM) Chief Executive Officer Feike Sijbesma comments on the role of Chinese urbanization in driving economic growth and the comany’s business in the nation. He spoke today in an interview in the Chinese city of Dalian, where he’s attending a conference organized by the World Economic Forum.
“If everybody’s talking about the slowdown of the economy, we should break down the growth. The biggest part of China’s economy is coming from investment, but that won’t last forever. At the end of the day, China needs to have its own domestic consumption market.”
“In the fields of nutrition, China is very important. Urbanization is a big topic here in China. Everyday a farmer leaves the rural area for the cities, we lose a food producer, we gain a food consumer. This is a big driver for our growth.”
“Growth rate for the Chinese economy is 7-8 percent. Our sales growth in China, we are above that figure.”
To contact Bloomberg News staff for this story: Bonnie Cao in Shanghai at email@example.com