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

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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

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?
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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 ,,,
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »