The Trend That Tells Jim O'Neill China Is On The Right Track

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, April 29, 2013 The Trend That Tells Jim O'Neill China Is On The Right Track Jim O'Neill, the Goldman Sachs economist who coined the BRICs acronym, recently published his final note and gave his last presentation. He discussed at length his long-term forecast for the world economy, which will be heavily dependent on growth from China, India and the other developing markets. "If China grows by 7.5% in this decade, and if the developed world returns close to trend, then the world will grow by around 4%," he said. In his presentation, he included a chart that captures China's evolution from an investment-driven economy to a consumer-driven one. This "is my regular guide to the relative performance of consumer spending compared to industrial production and is especially important while reasonably encouraging," he said. Read » Also On Money Game Today: Investment Managers Are Cooling Off On The Natural Gas Trade HERBALIFE BEATS EARNINGS AND REVENUE ESTIMATES, BOOSTS FORECAST Advertisement CHART OF THE DAY: E-Cigarettes Are A Small, But Rapidly Growing Problem For Big Tobacco CHART OF THE DAY: Chinese Politicians Are Ridiculously Wealthy CHART OF THE DAY: Why Stocks Keep Rallying Despite All Of The Bad News Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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