News Formal

Jim O'Neill: Calling China an emerging market is 'sort of ridiculous'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Jim O'Neill, former chief economist of Goldman Sachs, says the rise of the Chinese consumer will have a huge impact on the global economy as a whole.

Jim O'Neill, former chief economist of Goldman Sachs, says calling China an emerging market is"sort of ridiculous."

The rise of the Chinese consumer will have a huge impact on the global economy as a whole. And the United States is likely to benefit from this growth, according to O'Neill.O'Neill, also a former U.K. commercial secretary to the Treasury, adds that China growing at more than 6 percent has an equivalent impact on the global economy as Germany growing at 18 percent.

He also says growth within India and China is contributing to the"biggest decline" in global inequality.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

There are signs that the 10-year bull market for stocks is ending, Jim O'Neill saysFormer Goldman Sachs Asset Management Chairman Jim O'Neill says volatility is doing something it hasn't done for 10 years. Ah Jim O'Neill presided over the WORST investment record of any company. Did anything he supervise make any money?
Källa: CNBC - 🏆 12. / 72 Läs mer »

Cramer Remix: Why the decline in cloud stocks and Lyft's move higher go hand in handJim Cramer discusses what the drop in cloud stocks signals for the IPO market. Crater Blah, blah, blah ... pump, blah ,,,
Källa: CNBC - 🏆 12. / 72 Läs mer »