Economics
China Consumers to Dominate in 10 Years, Maersk CEO Says
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A.P. Moeller-Maersk A/S, owner of the world’s largest container shipping line, is betting that China will evolve into a consumer economy from a nation driven by export growth within a decade.
“We’re investing in our China set-up as we’re building up a large organization there so we can be ready to help customers who want to export to China,” Chief Executive Officer Nils Smedegaard Andersen, 54, said in a Nov. 9 phone interview from Maersk’s Copenhagen headquarters.