The head of one of Europe’s biggest home appliance makers said China’s slowing growth was “very worrying”, warning the country’s sprawling manufacturing sector could dump cheap products elsewhere as the domestic market cools.
Hakan Bulgurlu, chief executive of Istanbul-based Arçelik, said in an interview with the Financial Times that the “huge capacity” of Chinese manufacturers was a major risk for rivals.
“If the Chinese market slows, that means they need to use that capacity and put that product in other markets,” he said. His company owns brands including Beko and is in the process of buying a majority stake in Whirlpool’s European household appliances business.
您已閱讀20%（671字），剩餘80%（2648字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。