Goldman Sachs Weighs In on China’s Economic Future

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By Trey Thoelcke Published
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Experts continue to weigh in on what will happen to China’s gross domestic product as the world’s economic expansion slows, or even moves into reverse. The most recent opinion from an important group comes from Goldman Sachs Group Inc. (NYSE: GS), which claims the GDP of the People’s Republic will grow at no better than 7% over the next decade. Reuters reports:

China’s economy is expected to grow at a much slower pace of about seven percent over the next decade, but its stock market still has the most attractive upside among “BRIC” countries, according to Jim O’Neill, Chairman of Goldman Sachs Asset Management.

“China is in the early stages of going from a long period where it was all about the quantity of growth, into an era where the focus is on the quality of growth,” O’Neill told a news conference in Singapore.

Douglas A. McIntyre

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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