Goldman’s Blankfein Sees China’s Century After Growth Transition
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China is in transition as it grapples with the byproducts of headlong growth such as corruption and pollution, Goldman Sachs Group Inc.’s Lloyd Blankfein said, expressing optimism in the nation’s outlook.
An expansion rate up to 7 percent is a “regular, normal” one for China, while expansion levels from 7 percent to 10 percent were accompanied by a “loss of discipline,” Goldman’s chief executive officer said in a video on the company’s website after a recent trip there.