China Breaking News: Emerging Markets Mania was a Costly Mistake: Goldman Executive

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China Breaking News: Emerging Markets Mania was a Costly Mistake: Goldman Executive

China Breaking News: Emerging Markets Mania was a Costly Mistake: Goldman Executive
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China Breaking News: Emerging Markets Mania was a Costly Mistake: Goldman Executive

by Wochit 1:00 mins

Investors who wrongly called time on U.S. economic supremacy during the financial crisis are set to pay a hefty price for betting too much on the developing world, according to a top Goldman Sachs strategist. The New Century Global Center building opened recently in Chengu, a city of more than 14 million people in southwest China's Sichuan province. It's described as the world's largest standalone structure and is 328 feet high, 1,640 feet long, and 1,312 feet wide. The Chinese authorities tightened their grip on the far western region of Xinjiang by confiscating knives and offering rewards for information about possible separatist attacks after two clashes last week left dozens dead, according to the state media.

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