Credit Suisse CEO Says He Remains Positive on China, Echoing UBS
- Thiam says China's transformation is `extraordinary'
- UBS CEO said in interview that China is a `great opportunity'
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Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said he remains positive on China, echoing comments by his counterpart at UBS Group AG, following an equity selloff and a deepening economic slowdown.
“I went to China first in 1984 -- anybody who’s been to China in 1984 can only be a China bull,” Thiam, 53, said at a conference in Paris on Tuesday, when addressing an audience including Bank of England Governor Mark Carney and Bundesbank President Jens Weidmann. “Because the transformation is just extraordinary.”