Speaking at the Ambrosetti Forum on the shores of Lake Como, near Milan, Jim O'Neill said that China has become an integral part of the global economy, and any slump would have the potential to drag other major economies lower.
The renowned economist who coined the acronym BRICS told CNBC that he's started to worry about some parts of the Chinese economy after several decades of stellar growth."I have to say, for the past year, for the first time in 30 years I have been a bit more troubled about some aspects of China's path than I have been before," the former Goldman Sachs Asset Management chairman told CNBC's Steve Sedgwick on Thursday.
But some analysts have said the services sector remains resilient and highlight stimulus measures that the government has introduced like personal income tax cuts and cash injections from the central bank.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple's new products are a game changer for customers, but not Wall Street, Jim Cramer saysJim Cramer explains why the analysts are wrong about Apple's new products and why investors should be buying the stock.
Read more »
Jim Carrey is feuding on Twitter with Benito Mussolini's granddaughter over his latest drawingThe granddaughter of Italian dictator Benito Mussolini posted a comment calling Jim Carrey 'a bastard' on the actor's tweet of his latest drawing.
Read more »
Jim Carrey's latest political drawing angers Benito Mussolini’s granddaughterJim Carrey's latest viral drawing angers Benito Mussolini’s granddaughter
Read more »
Jim Carrey's picture of Mussolini's demise sparks Twitter tirade from dictator's granddaughterMussolini, a member of the European Parliament and former Playboy cover model, fired back on Sunday. “You are a bastard,” she tweeted.
Read more »
Silicon Valley Entrepreneur Jim Lanzone Leads CBS Interactive Into The Twilight ZoneJim Lanzone, the Silicon Valley entrepreneur who helped revitalize the struggling Ask Jeeves search engine before its $2 billion sale, is leading a higher-stakes transformation—prodding one of America’s oldest broadcast networks, CBS, into the digital era.
Read more »
Silicon Valley Entrepreneur Jim Lanzone Leads CBS Interactive Into The Twilight ZoneJim Lanzone, the Silicon Valley entrepreneur who helped revitalize the struggling Ask Jeeves search engine before its $2 billion sale, is leading a higher-stakes transformation—prodding one of America’s oldest broadcast networks, CBS, into the digital era.
Read more »
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.
Read more »
Silicon Valley Entrepreneur Jim Lanzone Leads CBS Interactive Into The Twilight ZoneJim Lanzone, the Silicon Valley entrepreneur who helped revitalize the struggling Ask Jeeves search engine before its $2 billion sale, is leading a higher-stakes transformation—prodding one of America’s oldest broadcast networks, CBS, into the digital era.
Read more »