O'Neill thinks the Chinese government is making efforts to create better quality growth. He believes that China is targeting 7.5% annual growth, with more growth coming from the middle class and less growth from government spending.
What O'Neill wonders is how quickly the Chinese government can pull it off.
He thinks that the notion that there is a Chinese liquidity crunch is ridiculous. If anything, the problem in China is that people save too much.
What O'Neill wonders is how quickly the Chinese government can pull it off.
He thinks that the notion that there is a Chinese liquidity crunch is ridiculous. If anything, the problem in China is that people save too much.
