Not every year can be a banner year: China’s economy is clearly going through some growing pains. Last year the country’s economy grew at 7.4%, its slowest pace in 24 years.
But Blankfein, who has said the 21st Century could very well be the Chinese century, doesn’t sound worried.
“Not every year in this century is gonna be China’s year, even if it turns out to be their century,” he said.
After all, Blankfein noted, last century was very good for America but the U.S. still suffered more than a few deep recessions and even a Great Depression.
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