The Rising Influence of Rising Affluence

[DewDiligence]

3M projects 15% sales growth in China during next 5 years:

http://www.bloomberg.com/news/2014-03-18/3m-sees-china-s-sales-growth-triple-global-pace-ceo-says-1-.html

3M Co. (MMM) forecasts China sales will grow three times faster than the company’s total revenue because of demand for health and consumer products such as face masks and water filters, Chief Executive Officer Inge Thulin said.

The maker of Post-it notes…is targeting annual Chinese sales growth of about 15 percent over the next five years, compared with global growth of between four and six percent, Thulin said in a March 13 interview at 3M’s offices in Shanghai. China generated about 10 percent of its global revenue of $30.9 billion last year…