Arab Today, arab today goldman sachs chief would not invest in china
Last Updated : GMT 10:54:50
Arab Today, arab today
Arab Today, arab today

Goldman Sachs chief would not invest in China

Arab Today, arab today

Arab Today, arab today Goldman Sachs chief would not invest in China

Goldman Sachs chairman Lloyd Blankfein
Beijing - AFP

The chairman of investment banking giant Goldman Sachs has slammed China's handling of its economy, adding he would not currently invest in the country, the Wall Street Journal reported Thursday.
Lloyd Blankfein told the paper that China's broad stock market intervention, including state-funded share buying, as it seeks to shore up slumping prices, was "ham-handed" and "sloppy".

"They don't have a lot of experience in this market stuff," Blankfein, who is also Goldman's chief executive, said of the ruling Communist authorities.

His comments come after Goldman this month said that it estimated China's economy was growing at around six percent a year, lower than the official figures of 7.0 percent for each of the first two quarters.

Some analysts fear that the world's second-largest economy could face a steep decline in expansion -- with ramifications for the rest of the world -- if it does not pull off difficult reforms to rebalance its model towards domestic consumption.

Blankfein said Chinese leaders "know what the problems are" but changes in policy would be "really hard".

He added that he "would not invest in China right now", the newspaper said.

Official figures show Chinese growth slowed in 2014 to its lowest rate for more than 25 years.

The OECD cut its world economic growth forecasts for 2015 and 2016 on Wednesday, warning of a global outlook clouded by uncertainty over China and a slowdown in Brazil.

"The Chinese authorities face the policy challenge to sustain growth while advancing structural change and managing risks," it said

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today goldman sachs chief would not invest in china Arab Today, arab today goldman sachs chief would not invest in china

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today goldman sachs chief would not invest in china Arab Today, arab today goldman sachs chief would not invest in china

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday