China's Growth Transition Will Be Positive, Spain's Guindos Says

  • Guindos sees no risk of a global competitive currency war
  • Global economic growth is mediocre, markets are uneasy

Spanish Turnaround Boosted by Oil Price Drop: De Guindos

Investors have overreacted to China’s slowdown and the transition will prove positive for the global economy in the longer term, Spanish Economy Minister Luis de Guindos said.

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