Economics
World's Second-Biggest Miner Unfazed by China Growth Pessimists
- Rio Tinto CEO sees China's growth this year near 7 percent
- China has more levers to pull than other economies: Rio CEO
Rio Tinto CEO Sees China's Growth This Year Near 7%
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The head of the world’s second-biggest mining company says he’s unfazed by pessimism about China’s ability to meet official economic growth forecasts that are critical to the fortunes of the embattled industry.
“There are lot of pundits saying that growth will be slower than the government will be expecting,” Sam Walsh, chief executive officer of Rio Tinto Group, said in an interview with Bloomberg Television in Antalya, Turkey on Sunday, referring to China’s 7 percent growth target this year. “Quite frankly, we have conducted our own independent research and analysis and it’s indicating that it’s pretty close to 7 percent.”