Global brands from Nestle SA to Porsche AG said the worst has passed for China’s economy as wage increases and consumption in cities in the country’s interior drive sustained growth.
China is “still an amazing opportunity,” Roland Decorvet, Nestle’s Greater China chairman, said at the World Economic Forum in Dalian, China. Porsche AG’s China Chief Executive Officer Deesch Papke said the country is likely to surpass the U.S. next year as its largest market.
