An item on Jim O'Neill, who is a former Goldman Sachs Asset Management Chairman

Bloomberg reports on his remarks:

  • China's economy shows no signs of crisis even as the crackdown on financial leverage has wiped almost $500 billion from domestic markets
  • "This continues to be completely overblown"
  • "China has demonstrated multiple times that it's very good at dealing with its cyclical challenges. Arguably if other countries' monetary and fiscal policy could be adjusted with the success of China, the world would be a much stronger place."
  • "At some point, they'll have a crisis, just like everyone else," O'Neill said. "But I see no signs of it from this supposed slower growth."

More here at the article. A bit of a contrarian view from O'Neill