Asia Economy

China slowdown 'not so scary'? Business leaders agree

Sunny Shende | Hindustan Times | Getty Images

China's economic outlook is top of mind for global CEOs, but most are confident slowing growth will be well-managed and plan to pursue expansion plans in the mainland.

"Slowdown risks aren't scary at all; it's expected and a natural evolution in the development of China," Mark Tucker, group chief executive and president at AIA, Asia's second-largest insurer by market capitalization, told CNBC on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Beijing on Monday.

"We have a great business here and we're looking to expand. We're very excited about the future," he said.

AIA: China's slowdown 'not scary at all'

In an effort to sooth concerns around the health of the world's second largest economy, Chinese President Xi Jinping over the weekend told a group of business leaders at APEC that risks to the economy are "not that scary".

Read MoreChina President: Risks to economy "not that scary"

He highlighted that if China's economy were to grow 7 percent, it would still rank at the forefront of the world's economies.

Commenting on the speech, Tucker said, "[Xi] was very open, clear, progressive, constructive and optimistic, which was a terrific combination."

China's economy grew 7.3 percent on year in the September quarter, its slowest pace since the global financial crisis, putting it at risk of missing its official target for the first time in 15 years, according to Reuters. The government set a 7.5 percent growth target for 2014 and is expected to lower it to 7 percent in the coming year.

Read MoreChina's growth in danger of slowing more sharply

Also drawing comfort from Xi's speech was Alex Gorsky, chairman and CEO at consumer health company Johnson & Johnson.

"I was so impressed with the comments from the President," said Gorsky.

His focus on maintaining growth whilst driving innovation is a combination that represents a "powerful ambition for the future," he said.

Despite the economic slowdown, Gorsky said China is the company's top market for growth opportunities: "If you think about the market here, the unmet medical need, all the different opportunities; we're excited about the future."

Read More'Perfect storm' to hit China economy in 2016

As China transitions from an investment-led to consumer-driven economy, it may be no surprise that insurance and health care companies remain optimistic on business prospects there.

But Doug Oberhelman, CEO of construction equipment giant Caterpillar isn't sweating the slowdown either.

"Our sales [in China] this year will be about what they were in 2013," he said.

In 2013, Caterpillar's China sales stood at $3.5 billion, a 20 percent increase from the year before.

Read MoreChina's key inflation gauge remains at 5-year low

He added that China's 'Silk Road' project presents a new opportunity for the company.

China will contribute $40 billion to set up a Silk Road infrastructure fund to improve trade and transport links in Asia, Xi announced on Saturday.

The goal of the fund is to "break the connectivity bottleneck" in Asia, state media quoted Xi as saying during a meeting in Beijing with leaders from Bangladesh, Cambodia, Laos, Mongolia, Myanmar, Pakistan and Tajikistan.