Biz leaders share plans for next 5 years

During the 13th Five-Year Plan (2016-20), China is emphasizing supply-side reform and long-term prosperity brought about by economic restructuring. With the annual China Development Forum that is taking place in Beijing on Saturday, senior executives of multinational companies from a variety of sectors share their insights into the country's new five-year plan and how their companies plan to adjust or improve their strategies in China.

Q1: As China restructures its economy with an emphasis on supply-side reforms such as cost cutting and pruning of industrial overcapacity, what could be the implications for your operations in China?

Q2: How will the renminbi's depreciation and slumping commodities prices affect your business operations in China?

Q3: In terms of annual revenues and profits in the 2016-20 period, what are your expectations for your company's performance in China?

Q4: What effect do you think the economic restructuring will have on long-term prosperity in China and to your business in the country? How do you intend to overcome your biggest challenges?

Roland Krueger, president of Infiniti Motor Co Ltd.

A1 Technological innovation will drive the transformation of China's manufacturing industry. We are honored to be part of this process. Infiniti currently produces two models at the Xiangyang plant in Hubei province, which has become one of our benchmark plants worldwide.

A2 We successfully started local production in China more than a year ago. This manufacturing base enables us to be close to Chinese customers and at the same time provides a natural hedge against exchange rate fluctuations.

A3 China is Infiniti's second-largest market and provides our biggest growth opportunity. We are fully committed to Infiniti's continued expansion in China. Despite the slowdown in the premium car market, we grew our sales by 34 percent in 2015. Infiniti has been the fastest-growing premium car brand in China for the second year in a row, setting overall sales records in the Chinese market for three consecutive years. With our much expanded and renewed product lineup as well as local production in China, we are confident that Infiniti will continue to demonstrate healthy and sustained growth here.

A4 Our No 1 priority in China remains to serve the needs of our customers and thus maintain our position as a forward-looking emotional, daring and customer-centric brand in the heart of Chinese customers. Infiniti is positioned for long-term growth in the Chinese market. Our investments in products, brand, local production, dealer networks and services will be continued and intensified as we grow together with China.

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