[miningmx.com] – Sam Walsh, CEO of BHP Billiton, said he was unconcerned by some forecasts that China would struggle to meet 7% economic growth this year saying the country’s government had levers.
In an article by Bloomberg News, republished in BDLive, Walsh was quoted as saying that Rio Tinto had undertaken its own research of the Chinese economy and thought that it would achieve close to 7% growth this year.
“So far, the leaders of the government have shown they can keep their hand on the tiller,” said Walsh.
“They’ve got, quite frankly, far more levers than other economies, given the amount of state-owned enterprises, given the fact that they are controlling the banks … levers for them to play to keep the economy moving, which is exactly what they are doing.”
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