China's ‘Sloppy’ Policy Irks Blankfein as Yellen Cites Xi Doubts
- Goldman's Blankfein says China response `ham-handed'
- Mobius says regulators have taken `few steps backwards'
China's Xi Jinping Visits U.S.: What's At Stake?
This article is for subscribers only.
As China’s President Xi Jinping heads to the U.S. for his first state visit, he confronts a wall of skepticism from global money managers and policy makers.
From New York to London to Tokyo, finance luminaries have criticized Xi’s administration for what they characterize as a series of clumsy -- and potentially damaging -- attempts to bolster the nation’s equities and the economy. Federal Reserve Chair Janet Yellen on Thursday referred to investor concerns over the “deftness” of China’s response, a day after Goldman Sachs Group Inc.’s Lloyd Blankfein called it “awfully sloppy” and “ham-handed.”