The Rising Influence of Rising Affluence

[DewDiligence]

3M is bullish on China (from 4Q12 results):

http://online.wsj.com/article/SB10001424127887324539304578261502727334998.html

Demand in China is improving from the past year's sluggish levels, 3M's chief executive officer, Inge G. Thulin, said in a conference call with analysts Thursday. The St. Paul, Minn., industrial conglomerate said fourth-quarter sales in China, excluding electronics, were up about 10% from a year earlier, partly reflecting stronger sales of health-care supplies

The company reaffirmed its forecast that 2013 earnings per share will be between $6.70 and $6.95, up from $6.32 for 2012. [This is non-GAAP.]

The $6.70-6.95 range is unchanged from the EPS guidance given on 3M’s 12/12/12 webcast.