Speaking at the Ambrosetti Forum on the shores of Lake Como, near Milan, Jim O'Neill said that China has become an integral part of the global economy, and any slump would have the potential to drag other major economies lower.
The renowned economist who coined the acronym BRICS told CNBC that he's started to worry about some parts of the Chinese economy after several decades of stellar growth."I have to say, for the past year, for the first time in 30 years I have been a bit more troubled about some aspects of China's path than I have been before," the former Goldman Sachs Asset Management chairman told CNBC's Steve Sedgwick on Thursday.
But some analysts have said the services sector remains resilient and highlight stimulus measures that the government has introduced like personal income tax cuts and cash injections from the central bank.
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