China's growth rate may be slowing, but it is still a positive driver for the global economy, the chairman of Swedish technology giant Ericsson told CNBC.
Speaking at the sidelines of the Boao Forum for Asia in China's Hainan province, Leif Johansson said global companies have to be in China, whether the world's second largest economy is growing at 5 percent or 11 percent.
"You need to adjust to that," he said, adding, "Most of us would be happy in Europe if we had a 6, 6.5 or even a 5 percent growth rate."
Concerns over China's slowing economic growth have festered for several years. Authorities announced a growth target of 6.5 to 7 percent for this year at the annual National People's Congress (NPC) meeting, after the economy grew 6.9 percent in 2015 - the slowest pace in quarter of a century.