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Jim O'Neill: China's big year ahead

The eternal bears say the Chinese market is an unsustainable bubble. But here are three basic factors, taken together, that will make it easier for China to rebalance its economy

Jim ONeill 

Jim ONeill Halfway through a decade in which China set out to rebalance its economy, it is poised to drastically enlarge its role in the world. Let me explain why. Back at the start of the decade, I made certain assumptions about how the so-called BRIC economies - Brazil, Russia, India and China - would perform in the 10 years ahead. Five years on, China is the only one of the four to have either met or possibly slightly surpassed my expectations. Assuming that China's soon-to-be-published fourth-quarter gross domestic product (GDP) number will come in at or close to 7.3 per cent, as many experts ...

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First Published: Thu, January 08 2015. 21:47 IST