Renowned economist Jim O’Neill : bullish on China?

http://bit.ly/13x8gpD
Jim O’Neil, former chairman of Goldman Sachs Asset Managemen told CNBC he found the Chinese government’s growth plan “pretty persuasive,” Jim, who coined the acronym, BRICs, thinks that companies which focused on “what China is going to consume” should be big winners such as “things that people just buy in shops or health-care and educational things.”

He thinks that all the talk about China’s date being “nonsense” makes no sense at all. Jim thinks that China is willing to tolerate a slow down in growth for the long term good.

What do you think?

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