Frankfurt: German sporting goods company adidas is not experiencing any slowdown in China, German daily Frankfurter Allgemeine Zeitung (FAZ) quoted its CEO 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. Hainer, however, told FAZ that his company is proving resilient in the face of the economic downturn. “We are not feeling any crisis in China,” the paper quoted him as saying in an article published on Thursday.
