China’s economy grew at an annual rate of 6.7% in the first quarter of
the year, its slowest quarterly growth for seven years.
Mr Rice also said the fall in sterling following the outcome of the EU
referendum vote would boost the company’s exports.
The US-based multinational firm is a huge conglomerate, whose business
interests include everything from manufacturing jet engines, to
providing firms with finance, developing software, and making consumer
goods such as dishwashers and coffee-makers.