Bertelsmann eyes opportunities

Global media conglomerate Bertelsmann still sees China as an important growth market despite the closure of its book club business here, said Thomas Rabe, the firm's chief financial officer.

In July, the German company closed its book club in China, its biggest business in the nation with over 1.5 million members and 38 bookstores.

But Rabe, the company's global chief financial officer, said yesterday in Beijing that China will remain one of its key growth markets.