Frontrunner for deputy leader questions whether Jim O’Neill is suitable for role as minister for infrastructure,after Chinese stock market routA Treasury minister who is one of George Osborne’s closest advisers has been criticised by a Labour MP for dismissing fears that the Chinese stock market was “dangerously overvalued”.
Jim O’Neill, the minister for infrastructure and retired chairman of Goldman Sachs Asset Management, and wrote in January that the Chinese economy would rebalance itself and said “eternal bears” who feared for the country’s fiscal stability were incorrect.
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Source: theguardian.com