July 27 (Reuters) - Major global firms ranging from banks to chipmakers
are taking a largely cautious stance on their China business amid a frail
recovery at the world's second-largest economy from a pandemic slowdown.
    Following are comments from firms on their China business during the latest
reporting season:
 Company                        Commentary 
                    
 Citigroup          The lender called it the "biggest disappointment" as growth
                    decelerated after an initial post-reopening pop. 
 Dow Inc            The chemical maker said the anticipated rebound following
                    the end of pandemic curbs has yet to fully materialize.
 NXP                The chipmaker said China's export curbs on certain gallium
 Semiconductors     and germanium products did not impact the company.
                    
 3M Co              The industrial conglomerate flagged continued weak appetite
                    for consumer electronics demand in China.
 GE Healthcare      The company saw improved demand for medical equipment in the
                    region in the recent quarter and that is expected to
                    continue as China prioritizes improved healthcare access
                    following the end of the pandemic.  
                                The Botox maker 
 AbbVie Inc                     said
                                 it has seen rates for aesthetics treatments in
                    China fully recover to pre-COVID levels and continues to
                    anticipate strong growth through the rest of the year in the
                    country.
                    
                                The company 
 Thermo Fisher                  witnessed
 Scientific                      significantly slower economic activity in China
                    during the second quarter. "We think it's appropriate to
                    assume that this condition remains in place for the
                    remainder of the year," said CFO Stephen Williamson. 
                    
             Visa               "Looking at Mainland China specifically,
                    cross-border travel continued to improve but remains well
                    below 2019 levels," CFO Vasant Prabhu 
                                said
                                .
                    
                                Inbound cross-border travel to China stood at
 Mastercard         nearly 50% of 2019 levels, while outbound travel was nearly
                    70%, the company 
                                said
                                .
                    
             LG                 Company 
 Energy Solution                warned
                                 it faces weaker EV demand in China than
                    previously expected. 
                    
 ABB                The engineering firm witnessed fewer new orders from China
                    in the quarter and said some customers were shifting
                    investments to other parts of Asia due to geopolitical
                    tensions.
             Anglo              The global miner 
 American                       said
                                 it has been surprised by how slow the reopening
                    of China has been but believed a recovery was underway.
                    
                                The Chinese market is "really picking up,"
 L'Oreal            although "not at the speed everybody had hoped for," L'Oreal
                    CEO Nicolas Hieronimus 
                                told
                                 Reuters.
                    
 LVMH               The French luxury giant logged a strong rebound in China
                    during the second quarter.
 EssilorLuxottica   The luxury eyewear maker continued to benefit from a
                    recovery in China during the second quarter.
                                Saw
 Mobileye Global                 weak demand for its driver-assistance
                    technology in China.
                    
                                The computer hardware maker 
 Seagate                        said
 Technology                      its fourth-quarter performance was impacted due
                    to the uneven pace of the Chinese economic recovery. 
                    
                                The company saw strong demand for some juice
 Coca-Cola          business in China but also flagged 
                                destocking activity
                                 in the second quarter.
                    
 
 (Reporting by Savyata Mishra and Arunima Kumar in Bengaluru; Additional
reporting by Niket Nishant and Bhanvi Satija; Editing by Sriraj Kalluvila,
Eileen Soreng and Maju Samuel)