Alcoa: "China ... a medium-high growth economy"

Alcoa reported Q2 earnings a little earlier

(net income (excluding special items) of USD250M or 19c/share, short of of the 22c/share expectations)

Comments on their outlook from CEO, Klaus Kleinfeld:

• Alcoa projects steady growth this year across the majority of its end markets
• Heavy duty trucks will see increased demand in North America offset by declines in China
• "China is going from a high-growth economy to a medium-high growth economy"

And, an interesting comment from Kleinfeld, very applicable to traders:

"At the same time for Alcoa, the most important thing is we have to do the things that we control, I cannot control what China is doing but I can control what we are doing and that's our strategy."