Hong Kong (May 13, 2014) – Sara Yang Bosco, president of Emerson (NYSE: EMR) Asia Pacific, today joined as one of the panellists in the forum, “Mastering Growth - The recalibration of the global economy: Succeeding in a dynamic world,” sponsored by Financial Times (“FT”) and The Hong Kong and Shanghai Banking Corporation (“HSBC”), held at the Mandarin Oriental, Hong Kong.
During the panel discussion, Bosco spoke about Emerson’s “in Asia, for Asia” strategy, and that it has seen significant success and continues to drive growth for the company. She commented that Emerson is optimistic about Asia Pacific’s economic prospects as the company continues to build local presence in the region, and investing in technology and innovation to capture opportunities across its business platforms to better serve customers.
China has been the second largest market for the company since 2002, and remains one of the fastest growing countries for Emerson. “Emerson continues to see opportunities in China, as well as the long term’s prospects in other Asia-Pacific countries,” said Bosco. Further comments made by Bosco in the discussion included:
- The impact of China’s economy slowdown on businesses;
- Emerson’s investment in Asia in response to the current economic growth;
- The potential competition from Asian companies;
- The business development in India’s economic environment; and
- The challenges and opportunities in the ASEAN countries.
Floor questions were taken after the 45-minute panel discussion, and the panellists continued to share their views from their diverse backgrounds. Questions ranged from how Central Asia would fit into the Asian economy with China’s plan for the “New Silk Road”, to the influence of the social media in China.
David Pilling, Asia editor of the Financial Times, chaired the panel discussion. The event was kicked off with a keynote address by Gordon French, head of global banking & markets, Asia Pacific, HSBC, followed by the panel discussion, where Bosco was joined by Hugh Young, managing director of Aberdeen Asset Management Asia, Stephen King, chief global economist of HSBC and Vincent Duhamel, head of Asia of Lombard Odier.
The panel took an informed look at opportunities and challenges for business growth in the region. It explored outlook for the key economies of China, Japan and India; how emerging Asia will compete in the new global dynamic; and strategies that organizations adapted to deliver growth in the years ahead.
This is the final event in the exciting new FT-HSBC “Mastering Growth” series that opened in Dubai, then moved onto London, Shanghai and New York. With Hong Kong as the final stop of the series, it attracted more than 100 prestigious audiences, mostly business executives from the financial industry, to discover whether there is an international consensus, or large regional variation, on where growth could be found in today’s global economy.
Proceedings of the panel discussion may be viewed on the
“Mastering Growth” website and would accompany the Financial Times’ special report. If you are interested to view some event snapshots, please visit the “FT-HSBC Mastering Growth, Hong Kong” photo album from
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2013 were US$24.7 billion. For more information, visit