Goldman’s Sneader Says China Policymakers Need Consistency
- China markets in midst of deep sell off as economy sputters
- Wall Street banks have tempered ambitions to grow in China
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Chinese authorities need consistency in policy making to restore investor and business confidence and help the economy and markets, said Kevin Sneader, president of Asia-Pacific ex-Japan at Goldman Sachs Group Inc.
The key issues facing the world’s second-biggest economy are sentiment, confidence and consistency, Sneader said in an interview on Bloomberg Television at the firm’s macro-economy conference in Hong Kong.