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World CEOs optimistic about China's economic outlook
Updated: Mar 4, 2020
chinadaily.com.cn
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Bill Winters, Group Chief Executive of Standard Chartered PLC
We know China is the global growth engine and all that growth may be impacted in the early part of this year. We expect it to recover back to a normal level very quickly. Of course, our business has been impacted. That is something we will be watching very carefully. But we have no doubt about the resilience of our business and we have no doubt about the resilience of China.
I would say the rest of the world is very much with China in this particular fight against the novel coronavirus. We know the decision has taken a long way and has been very bold, and also very disruptive for businesses and for people's lives, but we also know the fact that the result is going to be very successful when we get this firmly contained and then go to a full recovery.
At Standard Chartered, No 1 on our list of strategic priorities has been and continues to be to help China to grow and help deliver prosperity to the people of China and the rest of the world.
That is something we will continue to invest in -- investing in the opening up of capital markets, investing in helping Chinese companies to expand internationally, and helping bring international capital into China, which is extremely important for the post-virus recovery phase as it has ever been.
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