Jindong Zhang, the managing director of Inter’s majority shareholders Suning, has revealed that the impact of the Coronavirus crisis on the Chinese economy will only be temporary and will not affect investments.
“The impact of the Coronavirus on China is only temporary and will not change the foundations of China’s long-term economic growth,” he remarked as part of an interview with Chinese news outlet Securities Times, as quoted by Italian news outlet FCInterNews.it.
He then went on to reveal that Suning’s plans remain unchanged.
“In 2020, the general objective of developing Suning’s will remain unchanged, Suning will constantly increase investment in retail infrastructure such as raw materials, logistics, science and technology.”
Suning purchased a majority stake in Inter from Indonesian tycoon Erick Thohir back in the Summer of 2016 which included legendary president Massimo Moratti’s final shares in the clubs too.
Since taking charge of the club, Suning have invested significant amounts of cash into various areas to better Inter as a club.
The Chinese company have spent a few hundred million on transfers alone and have also massively improved the club’s financial situation with a number of new sponsorship deals, most of which have been agreed with Asian based companies.
