HIGHLIGHTS – Speakers at World Economic Forum in China

TIANJIN, China, Sept 13 (BestGrowthStock) – Executives from the
world’s biggest companies have gathered in the Chinese port
city of Tianjin this week for a meeting of the World Economic
Forum. Here is what they were saying about the state of
business and the global economy:

ZHU HONGJIE, EXECUTIVE VICE GOVERNOR, THE EXPORT-IMPORT
BANK OF CHINA

“At this moment, the export sector is doing quite well; our
business is also good.”

“The prospects for the U.S economy are not very clear now.
Initially we thought the US was already recovering but now the
situation has changed — it remains to be seen if there will be
a definite recovery in the U.S. economy.”

C.P. GURNANI, CHIEF EXECUTIVE OFFICER, MAHINDRA SATYAM
(SATY.BO: )

“I see 2010 as a year of recovery. Yes, the U.S. and Europe
have gone through … a speed breaker on the road but my belief
is that the emerging economies are growing so strong, and none
of the American companies today depend only on the domestic
market — 70 percent of their business comes from the emerging
and fast-growing markets. So overall my belief is … the
recession is almost behind us.”

MARTHA BEJAR, PRESIDENT GLOBAL SALES AND OPERATIONS, WIPRO
(WIPR.BO: )

“Our customers are spending a lot more time making
decisions. They want to make sure they bring value to them. But
we’re not seeing any cancellations or delays.”

ED CHAN, PRESIDENT, CEO, WAL-MART (WMT.N: ) CHINA

“Wal-Mart’s business in China has been good. The country’s
many policies and the investment environment in the
manufacturing industry are conducive to the retail market.

“We have stores in 103 Chinese cities, many of the stores
are already in the second- and third-tier cities. Now, no
matter it is the first-tier or second-, third-tier cities,
there is a lot of opportunities for the development of the
retail sector.”

LIU RUIQI, CHAIRMAN, HENGYUANXIANG GROUP

Speaking about potential yuan appreciation: “It’s all a
game. There’s been no effect on us. Everyone has already
factored this into their business. For anything like this there
will always be upsides and downsides.”
(Reporting by Doug Young, Kelvin Soh and Aipeng Soo; Editing
by Muralikumar Anantharaman)

HIGHLIGHTS – Speakers at World Economic Forum in China