Jim O'Neill says Australia will be a big loser

Jim O'Neill says Australia will be a big loser. Jim O'Neill, former GSAM Chairman says that new winners and loser will emerge as China transitions from infrastructure-led investment to consumer-led growth. O'Neill says There is a new China being developed, more focused on quality and its own consumers, and less on low-value-added exports and heavy industry, Mr O'Neill said. The winners and losers are very different: Mexico, big winner; Australia, big loser. Many commodity producers are losers unless - like Mexico - they are competitive and can produce a lot of things China did. O'Neill also discusses the BRIC (Brazil, Russia, India, China) economies and their continued prospects in this article. (VIEW LINK)


MORE ON



Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.