JIM O’NEILL: China Is Slowing More Than People Realize — And That’s Bad News For Commodities

“The Man Who Invented The BRICs warned last week of a slowdown in China.

In an interview today he elaborates, saying growth could fall to 8%. He told Economic Times:

“It is my judgement that the Chinese economy is probably slowing down more than people realize. And I suspect that China is going to slow down to around 8 pct GDP growth. If I’m right, that means sometime in the 2nd half this year, Chinese inflation will not be a problem, and will come back down to around 4 percent. And the PBOC will be able to stop tightening monetary policy and we can all live happily ever after.”

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