A China outlook, from Citi's CEO of China

Andrew Au, CEO of Citi China, talks about how the firm is doing on the mainland and gives his outlook for the remainder of the year.

Andrew Au, CEO of Citi China and chairman of Citibank China, discusses Citi's recent performance there, its outlook for 2009 and why the bank remains optimistic about China despite the global economic slowdown.

Briefly, give us an overview of your financial performance in 2008 
In 2008 our local subsidiary, Citibank China, experienced a year of growth and profitability, achieving a 46% increase in operating income to Rmb3.6 billion, with net income increasing 95% from its 2007...

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