Rio CEO Turns China Optimist as Construction View Improves
- CEO Jacques says 2-3 year downturn appears to have plateaued
- Jacques met recently with officials and customers in China
Rio Tinto CEO More 'Cautiously Optimistic' on China
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Rio Tinto Group, the world’s second-largest mining company, is becoming more optimistic on the outlook for commodities demand in China after recent data pointed to a pickup in the construction market.
“The drop that we had experienced for the last two or three years in China seems to have plateaued,” Chief Executive Officer Jean-Sebastien Jacques said in an interview with Bloomberg Television in New York on Monday. “We are becoming much more what I would describe as cautiously optimistic in relation to China.”